Carroll Valley 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.
IndexCarroll ValleyPennsylvaniaNational
Cost of living index114102100
IndexCarroll ValleyPennsylvaniaNational
Goods & Services index103103100
Groceries index99105100
Health care index9497100
Housing index13993100
Transportation index101112100
Utilities index113112100
An overview of the general cost of living index for Carroll Valley, PA is displayed above for your reference. Residents in Carroll Valley, PA enjoy a cost of living index of 114. This index is 12% higher than the Pennsylvania average, and 14% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Carroll Valley, PA, the average cost of goods and services is 1% lower than it is in Pennsylvania, and it is 3% higher than the national average.

Did you know?

  • The cost of living in Carroll Valley is 12% higher than the Pennsylvania average.
  • The cost of living in Carroll Valley is 14% higher than the national average.
  • The cost of housing in Carroll Valley is 39% 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.

Find Real Estate Listings In Carroll Valley

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Carroll Valley

Compare Carroll Valley, PA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current salary in Carroll Valley, PA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Carroll Valley, PA, then you would need to earn more income in order to maintain the same standard of living. To use the Carroll Valley, PA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$79,069$6,589$1,845$2,372
Renters$54,519$4,543$1,272$1,636
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Carroll Valley, PA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Carroll Valley, PA homeowners have a median income of $79,069. Using that number, you will come up with a maximum of $1,845 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $54,519, which means there is a maximum of $1,272 to be spent on the costs of renting a home or apartment.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
One thing to keep in mind when considering the cost of living in Carroll Valley, PA is the Pennsylvania sales tax and Pennsylvania income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Pennsylvania sales tax rate is 6% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Pennsylvania income tax rates range from 3.07% to 3.07%.

Goods & Services

ItemCarroll ValleyNational avg.Difference
Haircut $12.80$14.5912.3%
Beauty Salon $31.83$34.688.2%
Toothpaste $2.33$2.475.8%
Shampoo $0.98$1.024.1%
Movie $9.00$9.878.8%
Bowling $4.33$4.391.4%

Groceries

ItemCarroll ValleyNational avg.Difference
Ground Beef $4.93$4.4810.1%
Fried Chicken $1.60$1.469.3%
Milk $2.10$2.3610.9%
Potatoes $3.08$3.060.6%
Pizza $6.99$9.2424.4%
Beer $10.94$8.6326.7%

Health Care

ItemCarroll ValleyNational avg.Difference
Optometrist $82.60$99.7817.2%
Doctor $90.75$105.0313.6%
Dentist $85.00$88.704.2%
Ibuprofen $8.47$9.4110.0%
Lipitor $314.48$298.505.4%

Housing

ItemCarroll ValleyNational avg.Difference
Home Price $222,400.00$175,700.0026.6%
Avg. Mortgage Payment $1,025.12$1,081.035.2%
Apartment Rent $1,559.00$920.0069.5%

Transportation

ItemCarroll ValleyNational avg.Difference
Gasoline $2.20$2.095.2%
Tire Balancing $40.80$45.299.9%

Utilities

ItemCarroll ValleyNational avg.Difference
All Electricity$183.86$170.807.6%
Phone $34.18$28.2621.0%
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.
Pondsville, MD711022%
Flora Dale, PA01033%
Middleburg, MD191033%
Table Rock, PA431033%
Heidlersburg, PA68084-16%
Carroll Valley, PA3,89411414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Park Rapids, MN3,89488-12%
Mar-Mac, NC3,89487-13%
Marshall, IL3,89588-12%
Peaceful Valley, WA3,8931000%
Franklin, NC3,89395-5%
Carroll Valley, PA3,89411414%
Source: The Carroll Valley, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.