Morrisville, PA Cost Of Living

Morrisville 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.
Index	Morrisville	Pennsylvania	National
Cost of living index	111	100	100
Index	Morrisville	Pennsylvania	National
Goods & Services index	107	100	100
Groceries index	116	105	100
Health care index	106	92	100
Housing index	108	91	100
Transportation index	115	108	100
Utilities index	125	111	100

Displayed above is a general overview of the Morrisville, PA cost of living index. The overall cost of living index in Morrisville, PA is 111, which is 12% higher than the Pennsylvania average and 11% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Morrisville, PA are 7% higher than the Pennsylvania average and 7% higher than the national average.

Did you know?

The cost of living in Morrisville is 12% higher than the Pennsylvania average.
The cost of living in Morrisville is 11% higher than the national average.
The cost of housing in Morrisville is 8% 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.

Find Real Estate Listings In Morrisville

New Real Estate Listings In Morrisville

The best places in Pennsylvania

Here are the best places to live in Pennsylvania

See the best places to live in & around Morrisville

Top 10 cities in Pennsylvania with the best education system

10 best cities to buy a new house in Pennsylvania

Compare Morrisville, 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

Use the salary calculator to compare your current salary in Morrisville, PA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Morrisville, PA, then you would need to earn more income in order to maintain the same standard of living. To use the Morrisville, PA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$80,953	$6,746	$1,889	$2,429
Renters	$43,587	$3,632	$1,017	$1,308

The affordability of the housing market in Morrisville, 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 Morrisville, PA homeowners, the median income is $80,953. This indicates that a monthly maximum of $1,889 should be spent by homeowners on all housing related costs. Renters have a median income of $43,587. This indicates that renters should have a maximum of $1,017 used for their rent related monthly costs.

Pennsylvania Sales Tax

State	General Sales Tax	With Max Surtax
Pennsylvania	6%	8%

Pennsylvania Income Tax

State	Income Tax (Low)	Income Tax (High)
Pennsylvania	3.07%	3.07%

When considering the overall cost of living expenses in Morrisville, PA, it's important to take into account the sales tax for Pennsylvania, as well as the rate for income tax in Pennsylvania. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Pennsylvania is 8%, and the sales tax in the state of Pennsylvania is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Pennsylvania starts from 3.07% and goes up to 3.07%.

Goods & Services

Item	Morrisville	National avg.	Difference
Haircut	$18.39	$16.09	14.3%
Beauty Salon	$56.27	$37.33	50.7%
Toothpaste	$2.19	$2.45	10.5%
Shampoo	$0.99	$1.00	1.1%
Movie	$12.27	$10.28	19.3%
Bowling	$5.21	$4.93	5.6%

Groceries

Item	Morrisville	National avg.	Difference
Ground Beef	$4.16	$3.80	9.3%
Fried Chicken	$1.46	$1.40	4.3%
Milk	$2.11	$2.01	4.9%
Potatoes	$3.82	$3.01	27.0%
Pizza	$10.33	$9.89	4.5%
Beer	$8.63	$8.90	3.0%

Health Care

Item	Morrisville	National avg.	Difference
Optometrist	$100.71	$102.16	1.4%
Doctor	$130.24	$108.36	20.2%
Dentist	$96.14	$92.53	3.9%
Ibuprofen	$9.55	$9.28	2.9%
Lipitor	$387.28	$425.82	9.1%

Housing

Item	Morrisville	National avg.	Difference
Home Price	$202,100.00	$184,700.00	9.4%
Avg. Mortgage Payment	$1,546.68	$1,202.44	28.6%
Apartment Rent	$994.00	$949.00	4.7%

Transportation

Item	Morrisville	National avg.	Difference
Gasoline	$2.48	$2.24	10.5%
Tire Balancing	$57.62	$46.29	24.5%

Utilities

Item	Morrisville	National avg.	Difference
All Electricity	$177.22	$165.96	6.8%
Phone	$42.00	$28.68	46.4%

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, State	Population	Cost of Living Index	National Avg.
Newtown CDP, PA	250	94	-6%
Trenton, NJ	84,559	97	-3%
Morrisville CDP, PA	862	100	0%
Beverly, NJ	2,538	105	5%
Burlington, NJ	9,850	106	6%
Morrisville, PA	8,611	111	11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
St. Augustine Shores, FL	8,612	97	-3%
Princeton, IN	8,617	81	-19%
Orange Park, FL	8,603	94	-6%
Willowbrook, IL	8,603	106	6%
Incline Village, NV	8,621	172	72%
Morrisville, PA	8,611	111	11%

Source: The Morrisville, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Morrisville, PA Cost of Living