Sharpsville 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.
IndexSharpsvillePennsylvaniaNational
Cost of living index79102100
IndexSharpsvillePennsylvaniaNational
Goods & Services index89103100
Groceries index78105100
Health care index8497100
Housing index5893100
Transportation index92112100
Utilities index93112100
A general overview of the cost of living index for Sharpsville, PA is displayed above. In Sharpsville, PA, the overall cost of living index is 79, which is 23% lower than the Pennsylvania average and 21% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Sharpsville, PA, the city's goods and services are 14% lower than the Pennsylvania average and 11% lower than the U.S. average.

Did you know?

  • The cost of living in Sharpsville is 23% lower than the Pennsylvania average.
  • The cost of living in Sharpsville is 21% lower than the national average.
  • The cost of housing in Sharpsville is 42% 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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Compare Sharpsville, PA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Sharpsville, 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 Sharpsville, PA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Sharpsville, 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$48,850$4,071$1,140$1,466
Renters$30,172$2,514$704$905
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sharpsville, 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 Sharpsville, PA homeowners have a median income of $48,850. Using that number, you will come up with a maximum of $1,140 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $30,172, which means there is a maximum of $704 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 you are determining the total cost of living in Sharpsville, PA you will want to make sure you consider both the Pennsylvania sales tax and the Pennsylvania income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Pennsylvania is 6%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Pennsylvania have a range from 3.07% to 3.07%.

Goods & Services

ItemSharpsvilleNational avg.Difference
Haircut $12.20$14.5916.4%
Beauty Salon $25.60$34.6826.2%
Toothpaste $1.91$2.4722.8%
Shampoo $0.81$1.0220.7%
Movie $9.50$9.873.7%
Bowling $3.20$4.3927.1%

Groceries

ItemSharpsvilleNational avg.Difference
Ground Beef $3.59$4.4819.8%
Fried Chicken $1.07$1.4626.9%
Milk $1.50$2.3636.4%
Potatoes $1.58$3.0648.4%
Pizza $9.00$9.242.6%
Beer $8.99$8.634.1%

Health Care

ItemSharpsvilleNational avg.Difference
Optometrist $83.80$99.7816.0%
Doctor $72.40$105.0331.1%
Dentist $70.60$88.7020.4%
Ibuprofen $7.51$9.4120.2%
Lipitor $319.82$298.507.1%

Housing

ItemSharpsvilleNational avg.Difference
Home Price $87,000.00$175,700.0050.5%
Avg. Mortgage Payment $765.19$1,081.0329.2%
Apartment Rent $730.00$920.0020.7%

Transportation

ItemSharpsvilleNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $36.78$45.2918.8%

Utilities

ItemSharpsvilleNational avg.Difference
All Electricity$137.52$170.8019.5%
Phone $31.43$28.2611.2%
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.
Maplewood Park, OH34066-34%
Frizzleburg, PA47872-28%
Youngstown, OH66,01373-27%
Wheatland, PA83374-26%
West Hill, OH2,12274-26%
Sharpsville, PA4,35379-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waverly, OH4,35384-16%
Simonton Lake, IN4,35489-11%
Ward, AR4,35488-12%
East Quogue, NY4,35516060%
Dacono, CO4,35598-2%
Sharpsville, PA4,35379-21%
Source: The Sharpsville, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.