Folsom, PA Cost Of Living
Cost Of Living In Folsom, PA Summary
Cost of living in Folsom 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 Folsom 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 Folsom is 110, with 100 being the average.
The cost of living index in Folsom is 1.1x higher than the national average.
Folsom ranks as the #197 cheapest in Pennsylvania out of 255.
Folsom ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Folsom is $325,564.
The median income in Folsom is $100,544.
Table Of Contents
Folsom's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Folsom, PA?
According to the most recent data on the cost of living, Folsom has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Pennsylvania, Folsom has a cost of living index that's 1.1x higher than Pennsylvania's index of 100.
The standard of living in Folsom ranks as #197 most affordable out of the 255 places we measured in Pennsylvania. By definition, that implies Folsom ranks as the #58 most expensive place in the Keystone State.
For more reading on life in Folsom, check out:
In Pennsylvania
In America
Folsom Cost Of Living Vs. Pennsylvania
Six factors go into calculating the cost of living index in Folsom. Here is how it fairs on each of the criteria:
The Services index in Folsom is 102.
The Groceries index in Folsom is 100.
The Health index in Folsom is 94.
The Housing index in Folsom is 124.
The Transportation index in Folsom is 105.
The Utilities index in Folsom is 109.
| Living Expense | Folsom | Pennsylvania | National Average | |
|---|---|---|---|---|
| Overall | 110 | 100 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 94 | 95 | 100 | |
| Housing | 124 | 93 | 100 | |
| Transportation | 105 | 108 | 100 | |
| Utilities | 109 | 108 | 100 | |
Folsom, PA Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Folsom is $325,564.
The Median Rent in Folsom is $1,421.
The Median Income in Folsom is $100,544.
The Home Value To Income in Folsom is 3.2x.
The Rent To Monthly Income in Folsom is 0.17x.
| Statistic | Folsom | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $325,564 | $281,782 | $303,400 |
| Median Rent | $1,421 | $1,162 | $1,348 |
| Median Income | $100,544 | $76,081 | $78,538 |
| Home Value To Income | 3.2x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Folsom, PA Costs By Category
Detailed Folsom Services Costs Vs. Pennsylvania
| Item | Folsom | Pennsylvania |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Folsom Groceries Costs Vs. Pennsylvania
| Item | Folsom | Pennsylvania |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Folsom Health Costs Vs. Pennsylvania
| Item | Folsom | Pennsylvania |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Folsom Transportation Costs Vs. Pennsylvania
| Item | Folsom | Pennsylvania |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Folsom Utilities Costs Vs. Pennsylvania
| Item | Folsom | Pennsylvania |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Folsom SnackAbility
/10
Cost Of Living In Cities Around Folsom
The cost of living varies in the cities and towns around Folsom. Here's a quick look at the cost of living in the most populous nearby places:
Springdale, NJ has a cost of living index of 123, 1.1x Folsom.
Ardmore, PA has a cost of living index of 124, 1.1x Folsom.
Greentree, NJ has a cost of living index of 130, 1.2x Folsom.
| City | Population | Cost Of Living | Vs. Folsom |
|---|---|---|---|
| Springdale, NJ | 15,672 | 123 | 1.1x |
| Ardmore, PA | 14,165 | 124 | 1.1x |
| Greentree, NJ | 11,024 | 130 | 1.2x |
| Woodlyn, PA | 10,276 | 103 | 0.9x |
| Ashland, NJ | 9,437 | 116 | 1.1x |
| Glenside, PA | 7,941 | 118 | 1.1x |
| Ridley Park, PA | 7,245 | 108 | 1.0x |
| Glenolden, PA | 7,207 | 100 | 0.9x |
| Folcroft, PA | 6,748 | 97 | 0.9x |
| Swarthmore, PA | 6,524 | 134 | 1.2x |
