Richboro 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.
IndexRichboroPennsylvaniaNational
Cost of living index149102100
IndexRichboroPennsylvaniaNational
Goods & Services index115103100
Groceries index117105100
Health care index9997100
Housing index22793100
Transportation index117112100
Utilities index121112100
Displayed above is a general overview of the Richboro, PA cost of living index. The overall cost of living index in Richboro, PA is 149, which is 46% higher than the Pennsylvania average and 49% 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 Richboro, PA are 11% higher than the Pennsylvania average and 15% higher than the national average.

Did you know?

  • The cost of living in Richboro is 46% higher than the Pennsylvania average.
  • The cost of living in Richboro is 49% higher than the national average.
  • The cost of housing in Richboro is 127% 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 Richboro, PA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Richboro, PA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Richboro, PA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Richboro, PA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$124,459$10,372$2,904$3,734
Renters$25,898$2,158$604$777
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Richboro, 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 Richboro, PA homeowners have a median income of $124,459. Using that number, you will come up with a maximum of $2,904 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,898, which means there is a maximum of $604 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%
When assessing the complete cost of living in Richboro, PA, the Pennsylvania income tax and the Pennsylvania sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Pennsylvania maximum surtax is 8%, and the Pennsylvania sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.07% to 3.07% in Pennsylvania.

Goods & Services

ItemRichboroNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $52.00$34.6849.9%
Toothpaste $2.36$2.474.6%
Shampoo $0.99$1.023.1%
Movie $10.75$9.878.9%
Bowling $5.04$4.3914.8%

Groceries

ItemRichboroNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.69$1.4615.4%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $10.74$9.2416.2%
Beer $8.39$8.632.8%

Health Care

ItemRichboroNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $118.75$105.0313.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.89$9.415.1%
Lipitor $200.00$298.5033.0%

Housing

ItemRichboroNational avg.Difference
Home Price $424,800.00$175,700.00141.8%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,760.00$920.0091.3%

Transportation

ItemRichboroNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemRichboroNational avg.Difference
All Electricity$186.98$170.809.5%
Phone $38.50$28.2636.3%
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.
Arcadia University, PA62311515%
Trenton, NJ84,459100-0%
Beverly, NJ2,5731099%
Burlington, NJ9,86511010%
Roebling, NJ3,86111111%
Richboro, PA6,38214949%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Avon, CO6,38414040%
South Hill, NY6,3801088%
Plumas Lake, CA6,38011919%
Whitmore Lake, MI6,38091-9%
Garnet, CA6,38087-13%
Richboro, PA6,38214949%
Source: The Richboro, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.