Clarks Summit 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.
IndexClarks SummitPennsylvaniaNational
Cost of living index100100100
IndexClarks SummitPennsylvaniaNational
Goods & Services index9899100
Groceries index100102100
Health care index8590100
Housing index9593100
Transportation index112109100
Utilities index118115100
Displayed above is a general overview of the Clarks Summit, PA cost of living index. The overall cost of living index in Clarks Summit, PA is 100, which is equal to the Pennsylvania average and equal to 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 Clarks Summit, PA are 1% lower than the Pennsylvania average and 2% lower than the national average.

Did you know?

  • The cost of living in Clarks Summit is equal to the Pennsylvania average.
  • The cost of living in Clarks Summit is equal to the national average.
  • The cost of housing in Clarks Summit is 5% 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.

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Compare Clarks Summit, PA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Clarks Summit, PA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Clarks Summit, PA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Clarks Summit, PA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,063$6,089$1,705$2,192
Renters$32,457$2,705$757$974
If you want to find a good determining factor for the cost of living and the general affordability of housing in Clarks Summit, 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 Clarks Summit, PA, the median monthly income is $73,063 for those who own their own homes. Under the standard rule, that income level would allow for $1,705 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,457, per the median income in the area. That would allow for renters to spend up to $757 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%
The Pennsylvania sales tax and Pennsylvania income tax rates should definitely be considered when determining the overall cost of living in Clarks Summit, PA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Pennsylvania sales tax is 6% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Pennsylvania income tax rates range from 3.07% to 3.07%.

Goods & Services

ItemClarks SummitNational avg.Difference
Haircut $15.03$15.563.5%
Beauty Salon $32.03$36.1111.3%
Toothpaste $2.61$2.475.7%
Shampoo $0.91$0.965.4%
Movie $9.79$10.133.4%
Bowling $4.35$4.748.1%

Groceries

ItemClarks SummitNational avg.Difference
Ground Beef $3.57$3.9810.3%
Fried Chicken $1.30$1.417.6%
Milk $1.82$2.0611.6%
Potatoes $2.84$2.984.8%
Pizza $8.99$9.475.1%
Beer $9.88$8.7912.4%

Health Care

ItemClarks SummitNational avg.Difference
Optometrist $67.53$101.0433.2%
Doctor $76.75$107.4428.6%
Dentist $77.17$90.4214.7%
Ibuprofen $9.28$9.280.0%
Lipitor $418.33$426.501.9%

Housing

ItemClarks SummitNational avg.Difference
Home Price $174,900.00$175,700.000.5%
Avg. Mortgage Payment $1,110.14$1,133.232.0%
Apartment Rent $764.00$920.0017.0%

Transportation

ItemClarks SummitNational avg.Difference
Gasoline $2.22$1.9911.3%
Tire Balancing $51.72$45.7613.0%

Utilities

ItemClarks SummitNational avg.Difference
All Electricity$194.54$163.8118.8%
Phone $33.23$28.3917.1%
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.
Eagle Lake, PA01022%
Carbondale, PA8,84388-12%
Pittston, PA7,70289-11%
Luzerne, PA2,84389-11%
Forest City, PA2,06889-11%
Clarks Summit, PA5,101100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Savannah, MO5,10185-15%
Oxford, PA5,1001088%
Alexandria, IN5,10082-18%
East Port Orchard, WA5,09812626%
Big Bear Lake, CA5,10413030%
Clarks Summit, PA5,101100-0%
Source: The Clarks Summit, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.