Horsham 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.
IndexHorshamPennsylvaniaNational
Cost of living index121100100
IndexHorshamPennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index14293100
Transportation index115109100
Utilities index124115100
An overview of the general cost of living index for Horsham, PA is displayed above for your reference. Residents in Horsham, PA enjoy a cost of living index of 121. This index is 22% higher than the Pennsylvania average, and 21% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Horsham, PA, the average cost of goods and services is 10% higher than it is in Pennsylvania, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Horsham is 22% higher than the Pennsylvania average.
  • The cost of living in Horsham is 21% higher than the national average.
  • The cost of housing in Horsham is 42% 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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Compare Horsham, PA Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Horsham, PA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Horsham, PA, you have to earn a higher income in order to still have the same standard of living. To operate the Horsham, PA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$83,393$6,949$1,946$2,502
Renters$44,531$3,711$1,039$1,336
The affordability of the housing market in Horsham, PA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Horsham, PA homeowners, the median income is $83,393. This indicates that a monthly maximum of $1,946 should be spent by homeowners on all housing related costs. Renters have a median income of $44,531. This indicates that renters should have a maximum of $1,039 used for their rent related monthly costs.

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 Horsham, 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

ItemHorshamNational 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

ItemHorshamNational 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

ItemHorshamNational 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

ItemHorshamNational avg.Difference
Home Price $265,600.00$175,700.0051.2%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,107.00$920.0020.3%

Transportation

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

Utilities

ItemHorshamNational 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.
Arcadia University, PA62311313%
Eagleville, PA29298-2%
Norristown, PA34,4541077%
Beverly, NJ2,5731077%
Haverford College, PA1,3111088%
Horsham, PA14,93612121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bellevue, WI14,93695-5%
Weston, WI14,93791-9%
Cullman, AL14,93388-12%
Owosso, MI14,92283-17%
Hopatcong, NJ14,92112222%
Horsham, PA14,93612121%
Source: The Horsham, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.