What is the cost of living in Prospect Park, PA?
According to the most recent data on the cost of living, Prospect Park has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Pennsylvania, Prospect Park has a cost of living index that's 1.1x higher than Pennsylvania's index of 97.
The standard of living in Prospect Park ranks as #171 most affordable out of the 253 places we measured in Pennsylvania. By definition, that implies Prospect Park ranks as the #82 most expensive place in the Keystone State.
For more reading on life in Prospect Park, check out:
Prospect Park Cost Of Living Vs. Pennsylvania
Six factors go into calculating the cost of living index in Prospect Park. Here is how it fares on each of the criteria:
The Services index in Prospect Park is 101.
The Groceries index in Prospect Park is 98.
The Health index in Prospect Park is 108.
The Housing index in Prospect Park is 95.
The Transportation index in Prospect Park is 99.
The Utilities index in Prospect Park is 104.
| Living Expense | Prospect Park | Pennsylvania | National Average |
|---|---|---|---|
| Overall | 102 | 97 | 100 |
| Services | 101 | 99 | 100 |
| Groceries | 98 | 100 | 100 |
| Health | 108 | 88 | 100 |
| Housing | 95 | 102 | 100 |
| Transportation | 99 | 100 | 100 |
| Utilities | 104 | 101 | 100 |
Prospect Park Cost Of Living Compared To Pennsylvania Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Pennsylvania, check out:
- Most Expensive Cities In Pennsylvania
- Most Affordable Cities In Pennsylvania
- Average Rent In Pennsylvania
Source: Cost-of-living index 2026, normalized to US average = 100
Prospect Park, 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 2020-2024. The key points are:
The Median Home Value in Prospect Park is $288,069.
The Median Rent in Prospect Park is $1,183.
The Median Income in Prospect Park is $63,077.
The Home Value To Income in Prospect Park is 4.6x.
The Rent To Monthly Income in Prospect Park is 0.23x.
| Statistic | Prospect Park | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $288,069 | $282,735 | $332,700 |
| Median Rent | $1,183 | $1,209 | $1,413 |
| Median Income | $63,077 | $77,971 | $80,734 |
| Home Value To Income | 4.6x | 3.6x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.19x | 0.21x |
Prospect Park, PA Costs By Category
Detailed Prospect Park Services costs vs. Pennsylvania
| Item | Prospect Park | 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 Prospect Park Groceries costs vs. Pennsylvania
| Item | Prospect Park | 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 Prospect Park Health costs vs. Pennsylvania
| Item | Prospect Park | Pennsylvania |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Prospect Park Transportation costs vs. Pennsylvania
| Item | Prospect Park | Pennsylvania |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Prospect Park Utilities costs vs. Pennsylvania
| Item | Prospect Park | Pennsylvania |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
