Lawrence Park 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.
IndexLawrence ParkPennsylvaniaNational
Cost of living index86100100
IndexLawrence ParkPennsylvaniaNational
Goods & Services index9299100
Groceries index95102100
Health care index8490100
Housing index7093100
Transportation index98109100
Utilities index89115100
The above illustration supplies generalized information for the Lawrence Park, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Lawrence Park, PA is 86, which is 14% lower than the Pennsylvania average and 14% 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 Lawrence Park, PA are 7% lower than the average for Pennsylvania and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Lawrence Park is 14% lower than the Pennsylvania average.
  • The cost of living in Lawrence Park is 14% lower than the national average.
  • The cost of housing in Lawrence Park is 30% 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.

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Compare Lawrence Park, PA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Lawrence Park, 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 Lawrence Park, PA, you have to earn a higher income in order to still have the same standard of living. To operate the Lawrence Park, 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$56,522$4,710$1,319$1,696
Renters$33,958$2,830$792$1,019
The affordability of the housing market in Lawrence Park, 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 Lawrence Park, PA homeowners, the median income is $56,522. This indicates that a monthly maximum of $1,319 should be spent by homeowners on all housing related costs. Renters have a median income of $33,958. This indicates that renters should have a maximum of $792 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%
One thing to keep in mind when considering the cost of living in Lawrence Park, PA is the Pennsylvania sales tax and Pennsylvania income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Pennsylvania sales tax rate is 6% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Pennsylvania income tax rates range from 3.07% to 3.07%.

Goods & Services

ItemLawrence ParkNational avg.Difference
Haircut $14.90$15.564.3%
Beauty Salon $30.83$36.1114.6%
Toothpaste $1.99$2.4719.4%
Shampoo $0.89$0.968.1%
Movie $10.42$10.132.9%
Bowling $3.42$4.7427.7%

Groceries

ItemLawrence ParkNational avg.Difference
Ground Beef $3.69$3.987.3%
Fried Chicken $1.30$1.417.8%
Milk $1.93$2.066.3%
Potatoes $2.52$2.9815.5%
Pizza $9.99$9.475.5%
Beer $8.28$8.795.8%

Health Care

ItemLawrence ParkNational avg.Difference
Optometrist $58.53$101.0442.1%
Doctor $85.33$107.4420.6%
Dentist $70.70$90.4221.8%
Ibuprofen $8.70$9.286.2%
Lipitor $439.17$426.503.0%

Housing

ItemLawrence ParkNational avg.Difference
Home Price $101,100.00$175,700.0042.5%
Avg. Mortgage Payment $1,278.38$1,133.2312.8%
Apartment Rent $902.00$920.002.0%

Transportation

ItemLawrence ParkNational avg.Difference
Gasoline $2.10$1.995.4%
Tire Balancing $37.55$45.7617.9%

Utilities

ItemLawrence ParkNational avg.Difference
All Electricity$134.14$163.8118.1%
Phone $28.22$28.390.6%
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.
Penn State Erie (Behrend), PA1,64293-7%
Erie, PA100,83281-19%
Fairview, PA24388-12%
Wattsburg, PA49482-18%
Wesleyville, PA3,29783-17%
Lawrence Park, PA3,93086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Saugerties, NY3,93011010%
Wintersville, OH3,93085-15%
Waialua, HI3,92918787%
Reamstown, PA3,9291011%
Williamstown, KY3,93291-9%
Lawrence Park, PA3,93086-14%
Source: The Lawrence Park, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.