Cost of living in State College 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 State College 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 State College is 111, with 100 being the average.
The cost of living index in State College is 1.1x higher than the national average.
State College ranks as the #198 cheapest in Pennsylvania out of 247.
State College ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in State College is $334,300.
The median income in State College is $43,015.
According to the most recent data on the cost of living, State College has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Pennsylvania, State College has a cost of living index that's 1.1x higher than Pennsylvania's index of 97.
The standard of living in State College ranks as #198 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies State College ranks as the #49 most expensive place in the Keystone State.
For more reading on life in State College, check out:
Six factors go into calculating the cost of living index in State College. Here is how it fairs on each of the criteria:
The Services index in State College is 104.
The Groceries index in State College is 100.
The Health index in State College is 93.
The Housing index in State College is 137.
The Transportation index in State College is 111.
The Utilities index in State College is 111.
|Living Expense||State College||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 State College is $334,300.
The Median Rent in State College is $1,112.
The Median Income in State College is $43,015.
The Home Value To Income in State College is 7.8x.
The Rent To Monthly Income in State College is 0.31x.
|Statistic||State College||Pennsylvania||United States|
|Median Home Value||$334,300||$197,300||$244,900|
|Home Value To Income||7.8x||2.9x||3.5x|
|Rent To Monthly Income||0.31x||0.18x||0.2x|
The cost of living varies in the cities and towns around State College. Here's a quick look at the cost of living in the most populous nearby places:
Altoona, PA has a cost of living index of 88, 0.8x State College.
Jacksonville, TX has a cost of living index of 83, 0.7x State College.
Lock Haven, PA has a cost of living index of 91, 0.8x State College.