Perkasie 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.
IndexPerkasiePennsylvaniaNational
Cost of living index117100100
IndexPerkasiePennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index12793100
Transportation index115109100
Utilities index124115100
An overview of the general cost of living index for Perkasie, PA is displayed above for your reference. Residents in Perkasie, PA enjoy a cost of living index of 117. This index is 17% higher than the Pennsylvania average, and 17% 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 Perkasie, PA, the average cost of goods and services is 10% higher than it is in Pennsylvania, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Perkasie is 17% higher than the Pennsylvania average.
  • The cost of living in Perkasie is 17% higher than the national average.
  • The cost of housing in Perkasie is 27% 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 Perkasie, PA Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Perkasie, 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 Perkasie, PA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Perkasie, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,813$6,484$1,816$2,335
Renters$34,792$2,899$812$1,044
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Perkasie, 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 Perkasie, PA homeowners have a median income of $77,813. Using that number, you will come up with a maximum of $1,816 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $34,792, which means there is a maximum of $812 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%
The Pennsylvania sales tax and Pennsylvania income tax rates should definitely be considered when determining the overall cost of living in Perkasie, PA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Pennsylvania sales tax is 6% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Pennsylvania income tax rates range from 3.07% to 3.07%.

Goods & Services

ItemPerkasieNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemPerkasieNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemPerkasieNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemPerkasieNational avg.Difference
Home Price $239,900.00$175,700.0036.5%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $963.00$920.004.7%

Transportation

ItemPerkasieNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemPerkasieNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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.
DeSales University, PA86311313%
Hereford, PA70982-18%
Eagleville, PA29298-2%
Schwenksville, PA1,4151066%
Spring City, PA3,3371077%
Perkasie, PA8,51111717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hornell, NY8,50886-14%
University of Virginia, VA8,51511414%
Cortez, CO8,51592-8%
Menominee, MI8,51681-19%
Kings Grant, NC8,50499-1%
Perkasie, PA8,51111717%
Source: The Perkasie, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.