Cost of living in Meadville 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 Meadville 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 Meadville is 88, with 100 being the average.
The cost of living index in Meadville is 0.9x lower than the national average.
Meadville ranks as the #36 cheapest in Pennsylvania out of 247.
Meadville ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Meadville is $112,800.
The median income in Meadville is $40,694.
According to the most recent data on the cost of living, Meadville has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Pennsylvania, Meadville has a cost of living index that's 0.9x lower than Pennsylvania's index of 97.
The standard of living in Meadville ranks as #36 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Meadville ranks as the #211 most expensive place in the Keystone State.
For more reading on life in Meadville, check out:
Six factors go into calculating the cost of living index in Meadville. Here is how it fairs on each of the criteria:
The Services index in Meadville is 102.
The Groceries index in Meadville is 102.
The Health index in Meadville is 109.
The Housing index in Meadville is 57.
The Transportation index in Meadville is 99.
The Utilities index in Meadville is 96.
|Living Expense||Meadville||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 Meadville is $112,800.
The Median Rent in Meadville is $757.
The Median Income in Meadville is $40,694.
The Home Value To Income in Meadville is 2.8x.
The Rent To Monthly Income in Meadville is 0.22x.
|Median Home Value||$112,800||$197,300||$244,900|
|Home Value To Income||2.8x||2.9x||3.5x|
|Rent To Monthly Income||0.22x||0.18x||0.2x|
The cost of living varies in the cities and towns around Meadville. Here's a quick look at the cost of living in the most populous nearby places:
Austintown, OH has a cost of living index of 87, 1.0x Meadville.
Fredericksburg, TX has a cost of living index of 106, 1.2x Meadville.
Struthers, OH has a cost of living index of 83, 0.9x Meadville.
|City||Population||Cost Of Living||Vs. Meadville|
|Northwest Harborcreek, PA||9,052||91||1.0x|
|North Madison, OH||8,739||94||1.1x|
|Howland Center, OH||6,720||92||1.0x|
|Champion Heights, OH||6,237||90||1.0x|