Cost of living in Economy research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Economy is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Pennsylvania, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Economy is 102, with 100 being the average.
The cost of living index in Economy is 1.0x higher than the national average.
Economy ranks as the #165 cheapest in Pennsylvania out of 247.
Economy ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Economy is $214,700.
The median income in Economy is $83,640.
According to the most recent data on the cost of living, Economy has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Pennsylvania, Economy has a cost of living index that's 1.1x higher than Pennsylvania's index of 97.
The standard of living in Economy ranks as #165 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Economy ranks as the #82 most expensive place in the Keystone State.
For more reading on life in Economy, check out:
Six factors go into calculating the cost of living index in Economy. Here is how it fairs on each of the criteria:
The Services index in Economy is 98.
The Groceries index in Economy is 110.
The Health index in Economy is 94.
The Housing index in Economy is 92.
The Transportation index in Economy is 120.
The Utilities index in Economy is 115.
|Living Expense||Economy||Pennsylvania||National Average|
Housing swings affordability the most between places in Pennsylvania, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Economy is $214,700.
The Median Rent in Economy is $818.
The Median Income in Economy is $83,640.
The Home Value To Income in Economy is 2.6x.
The Rent To Monthly Income in Economy is 0.12x.
|Median Home Value||$214,700||$197,300||$244,900|
|Home Value To Income||2.6x||2.9x||3.5x|
|Rent To Monthly Income||0.12x||0.18x||0.2x|
The cost of living varies in the cities and towns around Economy. Here's a quick look at the cost of living in the most populous nearby places:
Allison Park, PA has a cost of living index of 108, 1.1x Economy.
Franklin Park, PA has a cost of living index of 119, 1.2x Economy.
Carnot-Moon, PA has a cost of living index of 99, 1.0x Economy.
|City||Population||Cost Of Living||Vs. Economy|
|Allison Park, PA||23,160||108||1.1x|
|Franklin Park, PA||15,239||119||1.2x|
|West View, PA||6,686||97||1.0x|