Cost of living in Ridley Park 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 Ridley Park 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 Ridley Park is 112, with 100 being the average.
The cost of living index in Ridley Park is 1.1x higher than the national average.
Ridley Park ranks as the #204 cheapest in Pennsylvania out of 247.
Ridley Park ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Ridley Park is $216,700.
The median income in Ridley Park is $86,730.
According to the most recent data on the cost of living, Ridley Park has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Pennsylvania, Ridley Park has a cost of living index that's 1.2x higher than Pennsylvania's index of 97.
The standard of living in Ridley Park ranks as #204 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Ridley Park ranks as the #43 most expensive place in the Keystone State.
For more reading on life in Ridley Park, check out:
Six factors go into calculating the cost of living index in Ridley Park. Here is how it fairs on each of the criteria:
The Services index in Ridley Park is 108.
The Groceries index in Ridley Park is 119.
The Health index in Ridley Park is 102.
The Housing index in Ridley Park is 110.
The Transportation index in Ridley Park is 115.
The Utilities index in Ridley Park is 113.
|Living Expense||Ridley Park||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 Ridley Park is $216,700.
The Median Rent in Ridley Park is $1,137.
The Median Income in Ridley Park is $86,730.
The Home Value To Income in Ridley Park is 2.5x.
The Rent To Monthly Income in Ridley Park is 0.16x.
|Statistic||Ridley Park||Pennsylvania||United States|
|Median Home Value||$216,700||$197,300||$244,900|
|Home Value To Income||2.5x||2.9x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|
The cost of living varies in the cities and towns around Ridley Park. Here's a quick look at the cost of living in the most populous nearby places:
Springdale, NJ has a cost of living index of 135, 1.2x Ridley Park.
Ardmore, PA has a cost of living index of 126, 1.1x Ridley Park.
Greentree, NJ has a cost of living index of 126, 1.1x Ridley Park.
|City||Population||Cost Of Living||Vs. Ridley Park|