Jenkintown 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.
IndexJenkintownPennsylvaniaNational
Cost of living index121102100
IndexJenkintownPennsylvaniaNational
Goods & Services index115103100
Groceries index117105100
Health care index9997100
Housing index13593100
Transportation index117112100
Utilities index121112100
Here we can see a simple outline of the cost of living in Jenkintown, PA. As you can see, with the average cost of living in Jenkintown, PA being 121, that puts it 19% higher than the average of Pennsylvania and 21% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Jenkintown, PA, the price of goods and services are 11% higher than the average of Pennsylvania as well as 15% higher than the nation's average.

Did you know?

  • The cost of living in Jenkintown is 19% higher than the Pennsylvania average.
  • The cost of living in Jenkintown is 21% higher than the national average.
  • The cost of housing in Jenkintown is 35% 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 Jenkintown, PA Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Jenkintown, PA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Jenkintown, PA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Jenkintown, PA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,455$7,121$1,994$2,564
Renters$53,700$4,475$1,253$1,611
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Jenkintown, PA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Jenkintown, PA homeowners have a median income of $85,455. Using that number, you will come up with a maximum of $1,994 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $53,700, which means there is a maximum of $1,253 to be spent on the costs of renting a home or apartment.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
When you are determining the total cost of living in Jenkintown, PA you will want to make sure you consider both the Pennsylvania sales tax and the Pennsylvania income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Pennsylvania is 6%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Pennsylvania have a range from 3.07% to 3.07%.

Goods & Services

ItemJenkintownNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $52.00$34.6849.9%
Toothpaste $2.36$2.474.6%
Shampoo $0.99$1.023.1%
Movie $10.75$9.878.9%
Bowling $5.04$4.3914.8%

Groceries

ItemJenkintownNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.69$1.4615.4%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $10.74$9.2416.2%
Beer $8.39$8.632.8%

Health Care

ItemJenkintownNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $118.75$105.0313.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.89$9.415.1%
Lipitor $200.00$298.5033.0%

Housing

ItemJenkintownNational avg.Difference
Home Price $246,700.00$175,700.0040.4%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,136.00$920.0023.5%

Transportation

ItemJenkintownNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemJenkintownNational avg.Difference
All Electricity$186.98$170.809.5%
Phone $38.50$28.2636.3%
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, PA62311515%
Prospect Park, PA28894-6%
Audubon Park, NJ1,05196-4%
Camden, NJ77,294100-0%
Eagleville, PA2921000%
Jenkintown, PA4,44112121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Archer Lodge, NC4,44193-7%
Greenville, KY4,44282-18%
Summerville, GA4,44279-21%
Waimanalo Beach, HI4,43915858%
Hearne, TX4,44379-21%
Jenkintown, PA4,44112121%
Source: The Jenkintown, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.