Larksville 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.
IndexLarksvillePennsylvaniaNational
Cost of living index92102100
IndexLarksvillePennsylvaniaNational
Goods & Services index100103100
Groceries index104105100
Health care index11297100
Housing index6693100
Transportation index123112100
Utilities index91112100
The above illustration supplies generalized information for the Larksville, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Larksville, PA is 92, which is 10% lower than the Pennsylvania average and 8% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Larksville, PA are 3% lower than the average for Pennsylvania and equal to the rest of the country.

Did you know?

  • The cost of living in Larksville is 10% lower than the Pennsylvania average.
  • The cost of living in Larksville is 8% lower than the national average.
  • The cost of housing in Larksville is 34% lower 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.

Find Real Estate Listings In Larksville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Larksville

Compare Larksville, PA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Larksville, 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 Larksville, PA, you have to earn a higher income in order to still have the same standard of living. To operate the Larksville, 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$50,186$4,182$1,171$1,506
Renters$26,354$2,196$615$791
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Larksville, 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 Larksville, PA homeowners, is $50,186. This would allow for a maximum of $1,171 per month to be spent on housing costs. For renters, the median monthly income is $26,354 which would result in a maximum of $615 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%
For those who live in Larksville, PA and want to know what the true cost of living is, they ought to look at both the Pennsylvania income tax rate and the Pennsylvania sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Pennsylvania, the sales tax is 6%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Pennsylvania, the income tax rate ranges between 3.07% to 3.07%.

Goods & Services

ItemLarksvilleNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $34.25$34.681.2%
Toothpaste $3.08$2.4724.5%
Shampoo $1.51$1.0247.7%
Movie $10.50$9.876.4%
Bowling $4.00$4.398.9%

Groceries

ItemLarksvilleNational avg.Difference
Ground Beef $4.41$4.481.5%
Fried Chicken $1.62$1.4610.7%
Milk $1.90$2.3619.4%
Potatoes $3.24$3.065.8%
Pizza $8.00$9.2413.4%
Beer $9.59$8.6311.1%

Health Care

ItemLarksvilleNational avg.Difference
Optometrist $109.00$99.789.2%
Doctor $143.69$105.0336.8%
Dentist $87.00$88.701.9%
Ibuprofen $9.48$9.410.7%
Lipitor $320.90$298.507.5%

Housing

ItemLarksvilleNational avg.Difference
Home Price $102,100.00$175,700.0041.9%
Avg. Mortgage Payment $1,281.68$1,081.0318.6%
Apartment Rent $768.00$920.0016.5%

Transportation

ItemLarksvilleNational avg.Difference
Gasoline $2.63$2.0926.0%
Tire Balancing $51.93$45.2914.7%

Utilities

ItemLarksvilleNational avg.Difference
All Electricity$179.24$170.804.9%
Phone $19.99$28.2629.3%
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.
East Side, PA24790-10%
Glen Lyon, PA1,71986-14%
Shickshinny, PA70086-14%
Sugar Notch, PA95392-8%
Ashley, PA2,76592-8%
Larksville, PA4,46292-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brookfield, MO4,46281-19%
Wiggins, MS4,46384-16%
Aurora, NE4,46185-15%
Kings Park, VA4,46414343%
Geneva, AL4,46578-22%
Larksville, PA4,46292-8%
Source: The Larksville, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.