Greencastle 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.
IndexGreencastlePennsylvaniaNational
Cost of living index101100100
IndexGreencastlePennsylvaniaNational
Goods & Services index10499100
Groceries index94102100
Health care index10390100
Housing index10693100
Transportation index90109100
Utilities index95115100
Displayed above is a general overview of the Greencastle, PA cost of living index. The overall cost of living index in Greencastle, PA is 101, which is 1% higher than the Pennsylvania average and 1% higher than 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 Greencastle, PA are 5% higher than the Pennsylvania average and 4% higher than the national average.

Did you know?

  • The cost of living in Greencastle is 1% higher than the Pennsylvania average.
  • The cost of living in Greencastle is 1% higher than the national average.
  • The cost of housing in Greencastle is 6% 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Greencastle, PA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Greencastle, PA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Greencastle, PA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,389$5,949$1,666$2,142
Renters$35,384$2,949$826$1,062
One can approximate the cost of living and the housing affordability in Greencastle, 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 Greencastle, PA have a median income of $71,389. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,666 per month to avoid calamity and poverty. The renters in the city have an income of about $35,384, which would make their monthly maximum allowable rental costs $826.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
When assessing the complete cost of living in Greencastle, PA, the Pennsylvania income tax and the Pennsylvania sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Pennsylvania maximum surtax is 8%, and the Pennsylvania sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.07% to 3.07% in Pennsylvania.

Goods & Services

ItemGreencastleNational avg.Difference
Haircut $10.22$15.5634.4%
Beauty Salon $30.25$36.1116.2%
Toothpaste $3.08$2.4724.6%
Shampoo $1.19$0.9623.0%
Movie $9.67$10.134.5%
Bowling $4.67$4.741.4%

Groceries

ItemGreencastleNational avg.Difference
Ground Beef $3.95$3.980.8%
Fried Chicken $1.17$1.4116.9%
Milk $1.81$2.0612.5%
Potatoes $3.08$2.983.2%
Pizza $9.83$9.473.8%
Beer $9.36$8.796.4%

Health Care

ItemGreencastleNational avg.Difference
Optometrist $89.89$101.0411.0%
Doctor $104.33$107.442.9%
Dentist $98.75$90.429.2%
Ibuprofen $9.77$9.285.3%
Lipitor $422.49$426.500.9%

Housing

ItemGreencastleNational avg.Difference
Home Price $203,100.00$175,700.0015.6%
Avg. Mortgage Payment $1,055.75$1,133.236.8%
Apartment Rent $784.00$920.0014.8%

Transportation

ItemGreencastleNational avg.Difference
Gasoline $1.94$1.992.8%
Tire Balancing $33.88$45.7626.0%

Utilities

ItemGreencastleNational avg.Difference
All Electricity$157.60$163.813.8%
Phone $27.03$28.394.8%
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.
Indian Springs, MD5099-1%
Fairview, MD099-1%
Pondsville, MD7199-1%
Kemps Mill, MD8699-1%
Reid, MD2999-1%
Greencastle, PA4,0231011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Edinburgh, IN4,02379-21%
Danielson, CT4,0231099%
Marianna, AR4,02474-26%
Oaklyn, NJ4,0221099%
Ridgway, PA4,02480-20%
Greencastle, PA4,0231011%
Source: The Greencastle, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.