Ardmore cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexArdmorePennsylvaniaNational
Cost of living index126100100
IndexArdmorePennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index15993100
Transportation index115109100
Utilities index124115100
Displayed above is a general overview of the Ardmore, PA cost of living index. The overall cost of living index in Ardmore, PA is 126, which is 27% higher than the Pennsylvania average and 26% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Ardmore, PA are 10% higher than the Pennsylvania average and 8% higher than the national average.

Did you know?

  • The cost of living in Ardmore is 27% higher than the Pennsylvania average.
  • The cost of living in Ardmore is 26% higher than the national average.
  • The cost of housing in Ardmore is 59% higher than the national average.
  • Pennsylvania general sales tax is 18% higher than the national average.
  • Pennsylvania state income tax is 38% higher than the national average.

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Compare Ardmore, PA Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Ardmore, PA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Ardmore, PA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Ardmore, PA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$92,909$7,742$2,168$2,788
Renters$48,271$4,023$1,126$1,448
The affordability of the housing market in Ardmore, PA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ardmore, PA homeowners, the median income is $92,909. This indicates that a monthly maximum of $2,168 should be spent by homeowners on all housing related costs. Renters have a median income of $48,271. This indicates that renters should have a maximum of $1,126 used for their rent related monthly costs.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
When you are determining the total cost of living in Ardmore, PA you will want to make sure you consider both the Pennsylvania sales tax and the Pennsylvania income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Pennsylvania is 6%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Pennsylvania have a range from 3.07% to 3.07%.

Goods & Services

ItemArdmoreNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemArdmoreNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemArdmoreNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemArdmoreNational avg.Difference
Home Price $299,000.00$175,700.0070.2%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,220.00$920.0032.6%

Transportation

ItemArdmoreNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemArdmoreNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Tavistock, NJ911313%
Arcadia University, PA62311313%
Cheyney University, PA9291077%
Prospect Park, PA28892-8%
Audubon Park, NJ1,05194-6%
Ardmore, PA12,86712626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Buford, GA12,86497-3%
Hamilton Square, NJ12,87012828%
Rochester, MI12,87211414%
Grass Valley, CA12,86111515%
Lakeland North, WA12,86012020%
Ardmore, PA12,86712626%
Source: The Ardmore, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.