Hanover, PA Cost Of Living
Cost Of Living In Hanover, PA Summary
Cost of living in Hanover 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 Hanover 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 Hanover is 97, with 100 being the average.
The cost of living index in Hanover is 1.0x lower than the national average.
Hanover ranks as the #113 cheapest in Pennsylvania out of 255.
Hanover ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Hanover is $286,304.
The median income in Hanover is $64,135.
Table Of Contents
Hanover's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hanover, PA?
According to the most recent data on the cost of living, Hanover has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Pennsylvania, Hanover has a cost of living index that's 1.0x lower than Pennsylvania's index of 97.
The standard of living in Hanover ranks as #113 most affordable out of the 255 places we measured in Pennsylvania. By definition, that implies Hanover ranks as the #142 most expensive place in the Keystone State.
For more reading on life in Hanover, check out:
In Pennsylvania
In America
Hanover Cost Of Living Vs. Pennsylvania
Six factors go into calculating the cost of living index in Hanover. Here is how it fairs on each of the criteria:
The Services index in Hanover is 105.
The Groceries index in Hanover is 106.
The Health index in Hanover is 100.
The Housing index in Hanover is 88.
The Transportation index in Hanover is 99.
The Utilities index in Hanover is 109.
| Living Expense | Hanover | Pennsylvania | National Average | |
|---|---|---|---|---|
| Overall | 97 | 97 | 100 | |
| Services | 105 | 100 | 100 | |
| Groceries | 106 | 100 | 100 | |
| Health | 100 | 92 | 100 | |
| Housing | 88 | 93 | 100 | |
| Transportation | 99 | 107 | 100 | |
| Utilities | 109 | 108 | 100 | |
Hanover, 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 Hanover is $286,304.
The Median Rent in Hanover is $1,095.
The Median Income in Hanover is $64,135.
The Home Value To Income in Hanover is 4.5x.
The Rent To Monthly Income in Hanover is 0.2x.
| Statistic | Hanover | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $286,304 | $281,782 | $303,400 |
| Median Rent | $1,095 | $1,162 | $1,348 |
| Median Income | $64,135 | $76,081 | $78,538 |
| Home Value To Income | 4.5x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Hanover, PA Costs By Category
Detailed Hanover Services Costs Vs. Pennsylvania
| Item | Hanover | Pennsylvania |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.69 | $12.13 |
| Bowling | $23.03 | $18.0 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $58.17 | $45.56 |
Detailed Hanover Groceries Costs Vs. Pennsylvania
| Item | Hanover | Pennsylvania |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $13.24 | $12.09 |
| Beer | $10.36 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Hanover Health Costs Vs. Pennsylvania
| Item | Hanover | Pennsylvania |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Hanover Transportation Costs Vs. Pennsylvania
| Item | Hanover | Pennsylvania |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Hanover Utilities Costs Vs. Pennsylvania
| Item | Hanover | Pennsylvania |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Hanover SnackAbility
/10
Cost Of Living In Cities Around Hanover
The cost of living varies in the cities and towns around Hanover. Here's a quick look at the cost of living in the most populous nearby places:
York, PA has a cost of living index of 91, 0.9x Hanover.
Westminster, MD has a cost of living index of 112, 1.2x Hanover.
Weigelstown, PA has a cost of living index of 102, 1.1x Hanover.
| City | Population | Cost Of Living | Vs. Hanover |
|---|---|---|---|
| York, PA | 44,830 | 91 | 0.9x |
| Westminster, MD | 20,257 | 112 | 1.2x |
| Weigelstown, PA | 15,401 | 102 | 1.1x |
| Shiloh, PA | 11,022 | 105 | 1.1x |
| East York, PA | 8,868 | 104 | 1.1x |
| Parkville, PA | 8,354 | 103 | 1.1x |
| Taneytown, MD | 7,295 | 109 | 1.1x |
| Hampstead, MD | 6,311 | 109 | 1.1x |
