Cost of living in Wyomissing 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 Wyomissing 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 Wyomissing is 111, with 100 being the average.
The cost of living index in Wyomissing is 1.1x higher than the national average.
Wyomissing ranks as the #198 cheapest in Pennsylvania out of 247.
Wyomissing ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Wyomissing is $277,600.
The median income in Wyomissing is $83,393.
According to the most recent data on the cost of living, Wyomissing has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Pennsylvania, Wyomissing has a cost of living index that's 1.1x higher than Pennsylvania's index of 97.
The standard of living in Wyomissing ranks as #198 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Wyomissing ranks as the #49 most expensive place in the Keystone State.
For more reading on life in Wyomissing, check out:
Six factors go into calculating the cost of living index in Wyomissing. Here is how it fairs on each of the criteria:
The Services index in Wyomissing is 102.
The Groceries index in Wyomissing is 101.
The Health index in Wyomissing is 92.
The Housing index in Wyomissing is 124.
The Transportation index in Wyomissing is 110.
The Utilities index in Wyomissing is 110.
|Living Expense||Wyomissing||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 Wyomissing is $277,600.
The Median Rent in Wyomissing is $1,451.
The Median Income in Wyomissing is $83,393.
The Home Value To Income in Wyomissing is 3.3x.
The Rent To Monthly Income in Wyomissing is 0.21x.
|Median Home Value||$277,600||$197,300||$244,900|
|Home Value To Income||3.3x||2.9x||3.5x|
|Rent To Monthly Income||0.21x||0.18x||0.2x|
The cost of living varies in the cities and towns around Wyomissing. Here's a quick look at the cost of living in the most populous nearby places:
Reading, PA has a cost of living index of 88, 0.8x Wyomissing.
Ephrata, PA has a cost of living index of 96, 0.9x Wyomissing.
Blandon, PA has a cost of living index of 105, 0.9x Wyomissing.