Taylor 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.
IndexTaylorPennsylvaniaNational
Cost of living index91100100
IndexTaylorPennsylvaniaNational
Goods & Services index9899100
Groceries index100102100
Health care index8590100
Housing index6493100
Transportation index112109100
Utilities index118115100
A general overview of the cost of living index for Taylor, PA is displayed above. In Taylor, PA, the overall cost of living index is 91, which is 9% lower than the Pennsylvania average and 9% 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 Taylor, PA, the city's goods and services are 1% lower than the Pennsylvania average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Taylor is 9% lower than the Pennsylvania average.
  • The cost of living in Taylor is 9% lower than the national average.
  • The cost of housing in Taylor is 36% 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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Use the salary calculator to compare your current salary in Taylor, PA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Taylor, PA, then you would need to earn more income in order to maintain the same standard of living. To use the Taylor, PA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,949$4,329$1,212$1,559
Renters$28,080$2,340$655$842
If you want to find a good determining factor for the cost of living and the general affordability of housing in Taylor, 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 Taylor, PA, the median monthly income is $51,949 for those who own their own homes. Under the standard rule, that income level would allow for $1,212 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,080, per the median income in the area. That would allow for renters to spend up to $655 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%
When you are determining the total cost of living in Taylor, 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

ItemTaylorNational avg.Difference
Haircut $15.03$15.563.5%
Beauty Salon $32.03$36.1111.3%
Toothpaste $2.61$2.475.7%
Shampoo $0.91$0.965.4%
Movie $9.79$10.133.4%
Bowling $4.35$4.748.1%

Groceries

ItemTaylorNational avg.Difference
Ground Beef $3.57$3.9810.3%
Fried Chicken $1.30$1.417.6%
Milk $1.82$2.0611.6%
Potatoes $2.84$2.984.8%
Pizza $8.99$9.475.1%
Beer $9.88$8.7912.4%

Health Care

ItemTaylorNational avg.Difference
Optometrist $67.53$101.0433.2%
Doctor $76.75$107.4428.6%
Dentist $77.17$90.4214.7%
Ibuprofen $9.28$9.280.0%
Lipitor $418.33$426.501.9%

Housing

ItemTaylorNational avg.Difference
Home Price $107,900.00$175,700.0038.6%
Avg. Mortgage Payment $1,110.14$1,133.232.0%
Apartment Rent $652.00$920.0029.1%

Transportation

ItemTaylorNational avg.Difference
Gasoline $2.22$1.9911.3%
Tire Balancing $51.72$45.7613.0%

Utilities

ItemTaylorNational avg.Difference
All Electricity$194.54$163.8118.8%
Phone $33.23$28.3917.1%
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.
Eagle Lake, PA01022%
Sugar Notch, PA95388-12%
Ashley, PA2,76588-12%
Plymouth, PA5,90588-12%
Wilkes-Barre, PA41,20288-12%
Taylor, PA6,23091-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Alton, IL6,23186-14%
Elsa, TX6,23267-33%
Piedmont, OK6,23297-3%
Darlington, SC6,23289-11%
Topsham, ME6,2281099%
Taylor, PA6,23091-9%
Source: The Taylor, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.