Collegeville 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.
IndexCollegevillePennsylvaniaNational
Cost of living index128100100
IndexCollegevillePennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index16393100
Transportation index115109100
Utilities index124115100
A general overview of the cost of living index for Collegeville, PA is displayed above. In Collegeville, PA, the overall cost of living index is 128, which is 28% higher than the Pennsylvania average and 28% higher 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 Collegeville, PA, the city's goods and services are 10% higher than the Pennsylvania average and 8% higher than the U.S. average.

Did you know?

  • The cost of living in Collegeville is 28% higher than the Pennsylvania average.
  • The cost of living in Collegeville is 28% higher than the national average.
  • The cost of housing in Collegeville is 63% 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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Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Collegeville, PA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Collegeville, PA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Collegeville, PA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$133,558$11,130$3,116$4,007
Renters$46,806$3,901$1,092$1,404
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Collegeville, PA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Collegeville, PA homeowners, is $133,558. This would allow for a maximum of $3,116 per month to be spent on housing costs. For renters, the median monthly income is $46,806 which would result in a maximum of $1,092 to be spent on rental costs.

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 Collegeville, 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

ItemCollegevilleNational 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

ItemCollegevilleNational 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

ItemCollegevilleNational 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

ItemCollegevilleNational avg.Difference
Home Price $317,500.00$175,700.0080.7%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,122.00$920.0022.0%

Transportation

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

Utilities

ItemCollegevilleNational 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.
Eagleville, PA29298-2%
Pottstown, PA22,5191033%
Boyertown, PA4,0481055%
Schwenksville, PA1,4151066%
Norristown, PA34,4541077%
Collegeville, PA5,26312828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cheshire Village, CT5,26413131%
Avondale, LA5,26289-11%
Hilmar-Irwin, CA5,2661099%
Williamsburg, KY5,26076-24%
South Amherst, MA5,26712828%
Collegeville, PA5,26312828%
Source: The Collegeville, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.