Cost of living in Paoli 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 Paoli 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 Paoli is 125, with 100 being the average.
The cost of living index in Paoli is 1.2x higher than the national average.
Paoli ranks as the #234 cheapest in Pennsylvania out of 255.
Paoli ranks as the #4,715 cheapest out of 6,489 in the US.
The median home value in Paoli is $614,835.
The median income in Paoli is $117,094.
According to the most recent data on the cost of living, Paoli has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Pennsylvania, Paoli has a cost of living index that's 1.2x higher than Pennsylvania's index of 100.
The standard of living in Paoli ranks as #234 most affordable out of the 255 places we measured in Pennsylvania. By definition, that implies Paoli ranks as the #21 most expensive place in the Keystone State.
For more reading on life in Paoli, check out:
Six factors go into calculating the cost of living index in Paoli. Here is how it fairs on each of the criteria:
The Services index in Paoli is 104.
The Groceries index in Paoli is 103.
The Health index in Paoli is 93.
The Housing index in Paoli is 181.
The Transportation index in Paoli is 109.
The Utilities index in Paoli is 111.
| Living Expense | Paoli | Pennsylvania | National Average | |
|---|---|---|---|---|
| Overall | 125 | 100 | 100 | |
| Services | 104 | 101 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 93 | 95 | 100 | |
| Housing | 181 | 93 | 100 | |
| Transportation | 109 | 108 | 100 | |
| Utilities | 111 | 108 | 100 | |
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 Paoli is $614,835.
The Median Rent in Paoli is $1,852.
The Median Income in Paoli is $117,094.
The Home Value To Income in Paoli is 5.3x.
The Rent To Monthly Income in Paoli is 0.19x.
| Statistic | Paoli | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $614,835 | $281,782 | $303,400 |
| Median Rent | $1,852 | $1,162 | $1,348 |
| Median Income | $117,094 | $76,081 | $78,538 |
| Home Value To Income | 5.3x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
| Item | Paoli | 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 |
| Item | Paoli | 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 |
| Item | Paoli | Pennsylvania |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
| Item | Paoli | Pennsylvania |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
| Item | Paoli | Pennsylvania |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
The cost of living varies in the cities and towns around Paoli. Here's a quick look at the cost of living in the most populous nearby places:
King of Prussia, PA has a cost of living index of 124, 1.0x Paoli.
Phoenixville, PA has a cost of living index of 114, 0.9x Paoli.
Ardmore, PA has a cost of living index of 124, 1.0x Paoli.
| City | Population | Cost Of Living | Vs. Paoli |
|---|---|---|---|
| King of Prussia, PA | 25,025 | 124 | 1.0x |
| Phoenixville, PA | 19,062 | 114 | 0.9x |
| Ardmore, PA | 14,165 | 124 | 1.0x |
| Montgomeryville, PA | 13,572 | 127 | 1.0x |
| Audubon, PA | 9,014 | 129 | 1.0x |
| Glenside, PA | 7,941 | 118 | 0.9x |
| Lionville, PA | 7,091 | 124 | 1.0x |
| Maple Glen, PA | 6,851 | 138 | 1.1x |
| Blue Bell, PA | 6,450 | 147 | 1.2x |
| Penn Wynne, PA | 6,220 | 131 | 1.0x |