Folcroft 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.
IndexFolcroftPennsylvaniaNational
Cost of living index105100100
IndexFolcroftPennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index8793100
Transportation index115109100
Utilities index124115100
A general overview of the cost of living index for Folcroft, PA is displayed above. In Folcroft, PA, the overall cost of living index is 105, which is 5% higher than the Pennsylvania average and 5% 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 Folcroft, 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 Folcroft is 5% higher than the Pennsylvania average.
  • The cost of living in Folcroft is 5% higher than the national average.
  • The cost of housing in Folcroft is 13% 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 Folcroft, PA Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Folcroft, 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 Folcroft, PA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Folcroft, 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$56,607$4,717$1,321$1,698
Renters$27,639$2,303$645$829
One can approximate the cost of living and the housing affordability in Folcroft, 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 Folcroft, PA have a median income of $56,607. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,321 per month to avoid calamity and poverty. The renters in the city have an income of about $27,639, which would make their monthly maximum allowable rental costs $645.

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 Folcroft, 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

ItemFolcroftNational 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

ItemFolcroftNational 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

ItemFolcroftNational 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

ItemFolcroftNational avg.Difference
Home Price $118,800.00$175,700.0032.4%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,231.00$920.0033.8%

Transportation

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

Utilities

ItemFolcroftNational 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.
Cheyney University, PA9291077%
Tavistock, NJ911313%
Arcadia University, PA62311313%
Prospect Park, PA28892-8%
Audubon Park, NJ1,05194-6%
Folcroft, PA6,6151055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bridgeport, MI6,61582-18%
Madison Park, NJ6,61612121%
Northborough, MA6,61313636%
Barnesville, GA6,61787-13%
Aztec, NM6,61995-5%
Folcroft, PA6,6151055%
Source: The Folcroft, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.