Kennett Square 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.
IndexKennett SquarePennsylvaniaNational
Cost of living index112100100
IndexKennett SquarePennsylvaniaNational
Goods & Services index11099100
Groceries index108102100
Health care index10190100
Housing index12493100
Transportation index99109100
Utilities index109115100
Here we can see a simple outline of the cost of living in Kennett Square, PA. As you can see, with the average cost of living in Kennett Square, PA being 112, that puts it 13% higher than the average of Pennsylvania and 12% 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 Kennett Square, PA, the price of goods and services are 11% higher than the average of Pennsylvania as well as 10% higher than the nation's average.

Did you know?

  • The cost of living in Kennett Square is 13% higher than the Pennsylvania average.
  • The cost of living in Kennett Square is 12% higher than the national average.
  • The cost of housing in Kennett Square is 24% 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 Kennett Square, 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 Kennett Square, 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 Kennett Square, PA, you have to earn a higher income in order to still have the same standard of living. To operate the Kennett Square, 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$78,438$6,537$1,830$2,353
Renters$44,441$3,703$1,037$1,333
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Kennett Square, PA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Kennett Square, PA homeowners, is $78,438. This would allow for a maximum of $1,830 per month to be spent on housing costs. For renters, the median monthly income is $44,441 which would result in a maximum of $1,037 to be spent on rental costs.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
The Pennsylvania sales tax and Pennsylvania income tax rates should definitely be considered when determining the overall cost of living in Kennett Square, 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

ItemKennett SquareNational avg.Difference
Haircut $12.58$15.5619.2%
Beauty Salon $39.00$36.118.0%
Toothpaste $2.96$2.4719.6%
Shampoo $1.03$0.966.7%
Movie $11.70$10.1315.5%
Bowling $4.67$4.741.4%

Groceries

ItemKennett SquareNational avg.Difference
Ground Beef $4.88$3.9822.4%
Fried Chicken $1.78$1.4126.3%
Milk $2.03$2.061.6%
Potatoes $3.77$2.9826.5%
Pizza $9.61$9.471.4%
Beer $9.66$8.799.8%

Health Care

ItemKennett SquareNational avg.Difference
Optometrist $127.50$101.0426.2%
Doctor $83.94$107.4421.9%
Dentist $98.50$90.428.9%
Ibuprofen $9.59$9.283.3%
Lipitor $442.05$426.503.6%

Housing

ItemKennett SquareNational avg.Difference
Home Price $226,100.00$175,700.0028.7%
Avg. Mortgage Payment $1,226.29$1,133.238.2%
Apartment Rent $1,030.00$920.0012.0%

Transportation

ItemKennett SquareNational avg.Difference
Gasoline $1.93$1.993.1%
Tire Balancing $47.78$45.764.4%

Utilities

ItemKennett SquareNational avg.Difference
All Electricity$184.77$163.8112.8%
Phone $29.95$28.395.5%
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.
Lincoln University, PA1,7711077%
Cheyney University, PA9291077%
Modena, PA49696-4%
Penns Grove, NJ5,08299-1%
Coatesville, PA13,1301000%
Kennett Square, PA6,12311212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Pasadena, CA6,12317070%
North Bend, WA6,12715151%
Willows, CA6,1181055%
Orange City, IA6,13093-7%
Nolensville, TN6,13112121%
Kennett Square, PA6,12311212%
Source: The Kennett Square, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.