Castle Shannon 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.
IndexCastle ShannonPennsylvaniaNational
Cost of living index86100100
IndexCastle ShannonPennsylvaniaNational
Goods & Services index8899100
Groceries index97102100
Health care index9590100
Housing index6893100
Transportation index106109100
Utilities index102115100
A general overview of the cost of living index for Castle Shannon, PA is displayed above. In Castle Shannon, PA, the overall cost of living index is 86, which is 13% lower than the Pennsylvania average and 14% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Castle Shannon, PA, the city's goods and services are 11% lower than the Pennsylvania average and 12% lower than the U.S. average.

Did you know?

  • The cost of living in Castle Shannon is 13% lower than the Pennsylvania average.
  • The cost of living in Castle Shannon is 14% lower than the national average.
  • The cost of housing in Castle Shannon is 32% lower 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 Castle Shannon

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Castle Shannon

Compare Castle Shannon, 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 Castle Shannon, 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 Castle Shannon, PA, then you would need to earn more income in order to maintain the same standard of living. To use the Castle Shannon, 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$60,063$5,005$1,401$1,802
Renters$34,611$2,884$808$1,038
If you want to find a good determining factor for the cost of living and the general affordability of housing in Castle Shannon, PA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Castle Shannon, PA, the median monthly income is $60,063 for those who own their own homes. Under the standard rule, that income level would allow for $1,401 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $34,611, per the median income in the area. That would allow for renters to spend up to $808 on monthly rental expenses.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
When considering the overall cost of living expenses in Castle Shannon, PA, it's important to take into account the sales tax for Pennsylvania, as well as the rate for income tax in Pennsylvania. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Pennsylvania is 8%, and the sales tax in the state of Pennsylvania is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Pennsylvania starts from 3.07% and goes up to 3.07%.

Goods & Services

ItemCastle ShannonNational avg.Difference
Haircut $13.15$15.5615.5%
Beauty Salon $37.36$36.113.5%
Toothpaste $2.36$2.474.6%
Shampoo $0.93$0.963.6%
Movie $9.94$10.131.9%
Bowling $4.01$4.7415.2%

Groceries

ItemCastle ShannonNational avg.Difference
Ground Beef $2.88$3.9827.8%
Fried Chicken $1.34$1.414.8%
Milk $1.86$2.0610.0%
Potatoes $3.32$2.9811.4%
Pizza $9.90$9.474.5%
Beer $10.34$8.7917.6%

Health Care

ItemCastle ShannonNational avg.Difference
Optometrist $80.03$101.0420.8%
Doctor $97.54$107.449.2%
Dentist $89.29$90.421.2%
Ibuprofen $8.86$9.284.5%
Lipitor $415.12$426.502.7%

Housing

ItemCastle ShannonNational avg.Difference
Home Price $112,000.00$175,700.0036.3%
Avg. Mortgage Payment $961.34$1,133.2315.2%
Apartment Rent $703.00$920.0023.6%

Transportation

ItemCastle ShannonNational avg.Difference
Gasoline $2.19$1.999.7%
Tire Balancing $45.27$45.761.1%

Utilities

ItemCastle ShannonNational avg.Difference
All Electricity$184.95$163.8112.9%
Phone $25.21$28.3911.2%
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.
Westland, PA8895-5%
Rankin, PA2,14273-27%
Braddock, PA2,03075-25%
North Braddock, PA4,84776-24%
Arnold City, PA60976-24%
Castle Shannon, PA8,31786-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Park, FL8,31797-3%
Guntersville, AL8,31694-6%
Bridgeport, WV8,3161011%
Nevada, MO8,31880-20%
Bluffdale, UT8,31912121%
Castle Shannon, PA8,31786-14%
Source: The Castle Shannon, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.