Average Cost of Living in Pennsylvania: $44,650 per year If you’re looking to live in the tri-state area, though, Pennsylvania may just be your best bet: By the same set of data, neighboring New York is, unsurprisingly, 48th on the list, and New Jersey, in 42nd place, isn’t doing a whole lot better.
Is PA expensive to live in?
Living in Pennsylvania is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 2.5% less than they do on average nationwide. Compared with all other states, Pennsylvania has the 20th highest overall cost of living.
How much does it cost to live a month in Pennsylvania?
Summary about cost of living in Philadelphia, PA, United States: Family of four estimated monthly costs are 3,704$ without rent. A single person estimated monthly costs are 1,033$ without rent. Philadelphia is 24.70% less expensive than New York (without rent).
Is Pennsylvania a cheap state to live in?
Pennsylvania is one of the least expensive U.S. states to live in. HomeSnacks.com ranked the Keystone State as the 19th cheapest among U.S. states, with an average living wage of $53,884. That isn’t surprising with plenty of options for Pennsylvania residents looking to save some money.
What’s the cheapest place to live in Pennsylvania?
The 5 Most Affordable Places to Live In Pennsylvania
- West Mifflin. This Pittsburgh suburb of just over 20,000 is arguably the most affordable place to live in the state of Pennsylvania.
- Oil City. As you might imagine from the name, Oil City was founded as an oil boomtown.
- Brentwood.
- Pottsville.
- Vandergrift.
Whats considered low income in PA?
2022 POVERTY INCOME GUIDELINES CONTIGUOUS STATES U.S. GRANTEES EFFECTIVE January 12, 2022
| House Hold/Family Size | 100% | 200% |
|---|---|---|
| 1 | $13,590 | $27,180 |
| 2 | $18,310 | $36,620 |
| 3 | $23,030 | $46,060 |
| 4 | $27,750 | $55,500 |
Is it cheaper to live in NY or PA?
New York is 12.7% more expensive than Pennsylvania.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Is it cheaper to live in PA or NC?
Save Money. The average cost of living is cheaper in North Carolina compared to Pennsylvania. However, not everything is cheaper in the southern state. While groceries and transportation are more affordable in North Carolina, Pennsylvania has cheaper housing and health care services.
What is the safest city to live in Pennsylvania?
1. Collegeville, PA. Collegeville, Pennsylvania, is one of the safest places you can live in Pennsylvania and the entire nation, with a crime rate 85% below the national average.
What is the best town to live in in Pennsylvania?
Best Places to Live in Pennsylvania in 2022-2023
- Pittsburgh, PA.
- Harrisburg, PA.
- Lancaster, PA.
- Reading, PA.
- Scranton, PA.
- York, PA.
- Philadelphia, PA.
Where is the cheapest rent in PA?
The 25 cheapest places to live in Pennsylvania
| Rank | City | 1-BR Average Rent |
|---|---|---|
| 1 | New Stanton | $492 |
| 2 | Greensburg | $522 |
| 3 | Indiana | $557 |
| 4 | Butler | $587 |
Is Pennsylvania good for living?
Pennsylvania ranked favorably at number 10 overall with a combined score of 59.21/100. The state also claimed second in the quality of life, seventh in safety, but 25th in health and education, 30th in affordability and 42nd in economy.
Are houses cheaper in Pennsylvania?
Pennsylvania is a relatively affordable place to buy a home. Even the most expensive market in the state — where homes cost an average 3.5 times the median gross income — is more affordable than the average American market, according to the latest Demographia International Housing Affordability Survey.
What is middle-class income in PA?
$25,757 per year
In Pennsylvania, households must earn a minimum of $25,757 per year to be considered middle class, with the upper earnings boundary set at $121,862, according to a new 24/7 Wall St. analysis. The total share of household income in Pennsylvania controlled by middle-class earners is 45.8 percent, 24/7 Wall St. reports.
What is the average annual income in Pennsylvania?
The following data are the most current income statistics for Pennsylvania from the US Census Bureau, are in 2020 inflation adjusted dollars and are from the American Community Survey 2020 5-year estimates. Median Household Income: $63,627. Average Household Income: $87,262. Per Capita Income: $35,518.
What is the richest city in Pennsylvania?
Fox Chapel Borough, Pennsylvania is being credited as the richest town in the Keystone State. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Fox Chapel Borough as having a median household income of $205,987 (199.8% more than the U.S. median income).
What is the cheapest county to live in in Pennsylvania?
Pennsylvania counties with the lowest cost of living
- Lawrence County.
- Mercer County. Population: 114,598.
- Washington County. Population: 208,269.
- Potter County. Population: 17,239.
- Crawford County. Population: 87,027.
- Bradford County. Population: 61,808.
- Sullivan County. Population: 6,302.
- Westmoreland County. Population: 359,377.
Is Philadelphia more affordable than NYC?
Highlights. New York is 85.0% more expensive than Philadelphia. New York housing costs are 343.9% more expensive than Philadelphia housing costs. Health related expenses are 14.4% more in New York.
Is Philadelphia cheaper than NYC?
Philadelphia is cheaper than in New York City. Its housing costs are cheaper. The cost of food and other goods are also more affordable in Philadelphia than in New York. To make things clear, Philadelphia is 23% cheaper than the city of New York.
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
