King of Prussia 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.
IndexKing of PrussiaPennsylvaniaNational
Cost of living index127102100
IndexKing of PrussiaPennsylvaniaNational
Goods & Services index115103100
Groceries index117105100
Health care index9997100
Housing index15693100
Transportation index117112100
Utilities index121112100
An overview of the general cost of living index for King of Prussia, PA is displayed above for your reference. Residents in King of Prussia, PA enjoy a cost of living index of 127. This index is 25% higher than the Pennsylvania average, and 27% 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 King of Prussia, PA, the average cost of goods and services is 11% higher than it is in Pennsylvania, and it is 15% higher than the national average.

Did you know?

  • The cost of living in King of Prussia is 25% higher than the Pennsylvania average.
  • The cost of living in King of Prussia is 27% higher than the national average.
  • The cost of housing in King of Prussia is 56% 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 King of Prussia, PA Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in King of Prussia, PA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than King of Prussia, PA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The King of Prussia, PA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,276$7,106$1,990$2,559
Renters$63,339$5,278$1,478$1,900
How much of your monthly income goes to housing can tell you whether or not you can afford housing in King of Prussia, 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 King of Prussia, PA homeowners have a median income of $85,276. Using that number, you will come up with a maximum of $1,990 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $63,339, which means there is a maximum of $1,478 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 King of Prussia, 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

ItemKing of PrussiaNational 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

ItemKing of PrussiaNational 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

ItemKing of PrussiaNational 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

ItemKing of PrussiaNational avg.Difference
Home Price $294,400.00$175,700.0067.6%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,175.00$920.0027.7%

Transportation

ItemKing of PrussiaNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemKing of PrussiaNational 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%
Cheyney University, PA9291066%
Prospect Park, PA28894-6%
Camden, NJ77,294100-0%
Eagleville, PA2921000%
King of Prussia, PA19,91912727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dickinson, ND19,92099-1%
Elmwood Park, NJ19,92113434%
Evergreen Park, IL19,9241055%
Lake Ronkonkoma, NY19,93313939%
East Massapequa, NY19,89114848%
King of Prussia, PA19,91912727%
Source: The King of Prussia, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.