Sharon Hill 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.
IndexSharon HillPennsylvaniaNational
Cost of living index103100100
IndexSharon HillPennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index8193100
Transportation index115109100
Utilities index124115100
Displayed above is a general overview of the Sharon Hill, PA cost of living index. The overall cost of living index in Sharon Hill, PA is 103, which is 3% higher than the Pennsylvania average and 3% 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 Sharon Hill, PA are 10% higher than the Pennsylvania average and 8% higher than the national average.

Did you know?

  • The cost of living in Sharon Hill is 3% higher than the Pennsylvania average.
  • The cost of living in Sharon Hill is 3% higher than the national average.
  • The cost of housing in Sharon Hill is 19% 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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Salary Calculator

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The salary calculator is meant to help you compare your salary in Sharon Hill, PA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Sharon Hill, PA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Sharon Hill, PA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,482$4,790$1,341$1,725
Renters$27,003$2,250$630$810
If you want to find a good determining factor for the cost of living and the general affordability of housing in Sharon Hill, PA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Sharon Hill, PA, the median monthly income is $57,482 for those who own their own homes. Under the standard rule, that income level would allow for $1,341 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,003, per the median income in the area. That would allow for renters to spend up to $630 on monthly rental expenses.

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 Sharon Hill, 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

ItemSharon HillNational 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

ItemSharon HillNational 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

ItemSharon HillNational 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

ItemSharon HillNational avg.Difference
Home Price $118,900.00$175,700.0032.3%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,030.00$920.0012.0%

Transportation

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

Utilities

ItemSharon HillNational 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.
Tavistock, NJ911313%
Arcadia University, PA62311313%
Cheyney University, PA9291077%
Prospect Park, PA28892-8%
Audubon Park, NJ1,05194-6%
Sharon Hill, PA5,6851033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Strawberry, CA5,684220120%
Emporia, VA5,68288-12%
Wyndmoor, PA5,68112828%
Granville, OH5,68911313%
Conley, GA5,67987-13%
Sharon Hill, PA5,6851033%
Source: The Sharon Hill, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.