Ladies and gentlemen, it's about time we rounded up some stats on the cost of living in the Keystone State. 💰🏘️ Is it good? Bad? Ugly? Well, quite frankly, it's pretty middle-of-the-road.
Have a peek at these fresh stats and share them with your work pals at the water cooler. ☕
Here’s Five Fast Facts on how much it costs to live in Pennsylvania:
- ⏬ How Low Can You Go -. PA's cost of living is 4% lower than the national average. Housing is 17% lower than the national average, however…
- 📈 Can You Take Me Higher - …in some cities and towns, that's not the case. In Philly, it costs 14.4% more than the national average. In the bougie burbs of Doylestown, it costs 17.9% more.
- 🏡 Livin' In America - According to 2022 census data, PA's median household income was $71,798, which was lower than the national average of $74,580. According to MIT's Living Wage data, PA has a living wage of $70,008. The average national living wage is roughly $68,500 after taxes.
- 🤑 Shake Your Money Maker - The top earning counties in the Keystone State are Chester County, Montgomery County, and Bucks County. They have median household incomes of $117,232, $106,811, and $105,398, respectively.
- 📊 Meet Me In the Middle - Compared to the rest of the United States, PA's cost of living is right in the middle. According to the 2022 MERIC cost of living index, Pennsylvania is ranked number 27. It's a little more pricey than Minnesota and a little less expensive than Idaho.
🔥Bottom line: While there are some pricey areas to live, overall, PA's in that nice little Goldilocks spot of not too hot and not too cold. Thinking of moving to where the grass is a little greener? Check out this list of states with the best average salaries before you load up that U-Haul!
Do you think the cost of living in PA is too high?
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