Park Forest Village, PA Cost Of Living
Cost Of Living In Park Forest Village, PA Summary
Cost of living in Park Forest Village 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 Park Forest Village 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 Park Forest Village is 120, with 100 being the average.
The cost of living index in Park Forest Village is 1.2x higher than the national average.
Park Forest Village ranks as the #220 cheapest in Pennsylvania out of 255.
Park Forest Village ranks as the #4,411 cheapest out of 6,489 in the US.
The median home value in Park Forest Village is $448,860.
The median income in Park Forest Village is $79,363.
Table Of Contents
Park Forest Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Park Forest Village, PA?
According to the most recent data on the cost of living, Park Forest Village has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Pennsylvania, Park Forest Village has a cost of living index that's 1.2x higher than Pennsylvania's index of 100.
The standard of living in Park Forest Village ranks as #220 most affordable out of the 255 places we measured in Pennsylvania. By definition, that implies Park Forest Village ranks as the #35 most expensive place in the Keystone State.
For more reading on life in Park Forest Village, check out:
In Pennsylvania
In America
Park Forest Village Cost Of Living Vs. Pennsylvania
Six factors go into calculating the cost of living index in Park Forest Village. Here is how it fairs on each of the criteria:
The Services index in Park Forest Village is 109.
The Groceries index in Park Forest Village is 99.
The Health index in Park Forest Village is 111.
The Housing index in Park Forest Village is 156.
The Transportation index in Park Forest Village is 106.
The Utilities index in Park Forest Village is 93.
| Living Expense | Park Forest Village | Pennsylvania | National Average | |
|---|---|---|---|---|
| Overall | 120 | 100 | 100 | |
| Services | 109 | 101 | 100 | |
| Groceries | 99 | 101 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 156 | 93 | 100 | |
| Transportation | 106 | 108 | 100 | |
| Utilities | 93 | 108 | 100 | |
Park Forest Village, 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 Park Forest Village is $448,860.
The Median Rent in Park Forest Village is $1,317.
The Median Income in Park Forest Village is $79,363.
The Home Value To Income in Park Forest Village is 5.7x.
The Rent To Monthly Income in Park Forest Village is 0.2x.
| Statistic | Park Forest Village | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $448,860 | $281,782 | $303,400 |
| Median Rent | $1,317 | $1,162 | $1,348 |
| Median Income | $79,363 | $76,081 | $78,538 |
| Home Value To Income | 5.7x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Park Forest Village, PA Costs By Category
Detailed Park Forest Village Services Costs Vs. Pennsylvania
| Item | Park Forest Village | Pennsylvania |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $12.52 | $12.13 |
| Bowling | $15.56 | $18 |
| Haircut | $26.17 | $24.26 |
| Beauty Salon | $40.39 | $45.56 |
Detailed Park Forest Village Groceries Costs Vs. Pennsylvania
| Item | Park Forest Village | Pennsylvania |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.49 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.67 | $12.09 |
| Beer | $11.13 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Park Forest Village Health Costs Vs. Pennsylvania
| Item | Park Forest Village | Pennsylvania |
|---|---|---|
| Optometrist | $123.25 | $125.68 |
| Doctor | $177.4 | $135.78 |
| Dentist | $118.44 | $113.29 |
Detailed Park Forest Village Transportation Costs Vs. Pennsylvania
| Item | Park Forest Village | Pennsylvania |
|---|---|---|
| Gasoline | $3.66 | $3.46 |
| Tire Balancing | $68.88 | $59.92 |
Detailed Park Forest Village Utilities Costs Vs. Pennsylvania
| Item | Park Forest Village | Pennsylvania |
|---|---|---|
| All Electricity | $169.62 | $193.99 |
| Phone | $195.81 | $192.25 |
Park Forest Village SnackAbility
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