Paoli, PA Cost Of Living

Paoli 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	Paoli	Pennsylvania	National
Cost of living index	129	100	100
Index	Paoli	Pennsylvania	National
Goods & Services index	107	100	100
Groceries index	116	105	100
Health care index	106	92	100
Housing index	168	91	100
Transportation index	115	108	100
Utilities index	125	111	100

Displayed above is a general overview of the Paoli, PA cost of living index. The overall cost of living index in Paoli, PA is 129, which is 30% higher than the Pennsylvania average and 29% 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 Paoli, PA are 7% higher than the Pennsylvania average and 7% higher than the national average.

Did you know?

The cost of living in Paoli is 30% higher than the Pennsylvania average.
The cost of living in Paoli is 29% higher than the national average.
The cost of housing in Paoli is 68% 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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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Paoli, PA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Paoli, PA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Paoli, PA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$87,875	$7,323	$2,050	$2,637
Renters	$56,181	$4,682	$1,311	$1,686

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Paoli, 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 Paoli, PA homeowners, is $87,875. This would allow for a maximum of $2,050 per month to be spent on housing costs. For renters, the median monthly income is $56,181 which would result in a maximum of $1,311 to be spent on rental 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%

One thing to keep in mind when considering the cost of living in Paoli, 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

Item	Paoli	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	Paoli	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	Paoli	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	Paoli	National avg.	Difference
Home Price	$321,000.00	$184,700.00	73.8%
Avg. Mortgage Payment	$1,546.68	$1,202.44	28.6%
Apartment Rent	$1,457.00	$949.00	53.5%

Transportation

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

Utilities

Item	Paoli	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.
Cheyney University, PA	663	107	7%
Prospect Park CDP, PA	224	88	-12%
Chester, PA	34,056	90	-10%
Darby, PA	10,677	96	-4%
Upland, PA	3,248	93	-7%
Paoli, PA	5,813	129	29%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Washingtonville, NY	5,813	118	18%
New Whiteland, IN	5,814	91	-9%
Manasquan, NJ	5,812	161	61%
Orlovista, FL	5,814	86	-14%
Fountainhead-Orchard Hills, MD	5,811	110	10%
Paoli, PA	5,813	129	29%

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

Paoli, PA Cost of Living