Village Shires 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.
IndexVillage ShiresPennsylvaniaNational
Cost of living index134100100
IndexVillage ShiresPennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index18493100
Transportation index115109100
Utilities index124115100
The above illustration supplies generalized information for the Village Shires, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Village Shires, PA is 134, which is 34% higher than the Pennsylvania average and 34% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Village Shires, PA are 10% higher than the average for Pennsylvania and 8% higher than the rest of the country.

Did you know?

  • The cost of living in Village Shires is 34% higher than the Pennsylvania average.
  • The cost of living in Village Shires is 34% higher than the national average.
  • The cost of housing in Village Shires is 84% 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 Village Shires, PA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Village Shires, 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 Village Shires, PA, then you would need to earn more income in order to maintain the same standard of living. To use the Village Shires, 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$101,098$8,425$2,359$3,033
Renters$27,370$2,281$639$821
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Village Shires, PA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Village Shires, PA homeowners, is $101,098. This would allow for a maximum of $2,359 per month to be spent on housing costs. For renters, the median monthly income is $27,370 which would result in a maximum of $639 to be spent on rental costs.

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 Village Shires, 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

ItemVillage ShiresNational 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

ItemVillage ShiresNational 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

ItemVillage ShiresNational 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

ItemVillage ShiresNational avg.Difference
Home Price $339,600.00$175,700.0093.3%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,489.00$920.0061.8%

Transportation

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

Utilities

ItemVillage ShiresNational 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.
Arcadia University, PA62311313%
Trenton, NJ84,45999-1%
Beverly, NJ2,5731077%
Burlington, NJ9,8651088%
Roebling, NJ3,8611099%
Village Shires, PA4,06913434%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Rockingham, NC4,06983-17%
Charleroi, PA4,06978-22%
Hamilton, NY4,0701077%
Upland, IN4,06888-12%
Woodson Terrace, MO4,07085-15%
Village Shires, PA4,06913434%
Source: The Village Shires, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.