Edinboro cost of living index

A general summary of the cost of living index in Edinboro, PA is shown above. Compared to the state average of Pennsylvania the cost of living index in Edinboro, PA is 100, which is equal to the average in Pennsylvania and compared to the national average it is equal to. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Edinboro, PA goods and services come in at 6% higher than the average in Pennsylvania and are 6% higher than compared to the nationwide average.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Edinboro, PA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Edinboro, PA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Edinboro, PA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

One can approximate the cost of living and the housing affordability in Edinboro, PA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Edinboro, PA have a median income of $56,781. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,325 per month to avoid calamity and poverty. The renters in the city have an income of about $25,167, which would make their monthly maximum allowable rental costs $587.

Pennsylvania Sales Tax

Pennsylvania Income Tax

The Pennsylvania sales tax and Pennsylvania income tax rates should definitely be considered when determining the overall cost of living in Edinboro, 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

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Edinboro, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.