Cost Of Living In Westmont, PA

Westmont 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.
Index	Westmont	Pennsylvania	National
Cost of living index	91	100	100
Index	Westmont	Pennsylvania	National
Goods & Services index	88	99	100
Groceries index	97	102	100
Health care index	95	90	100
Housing index	84	93	100
Transportation index	106	109	100
Utilities index	102	115	100

The above illustration supplies generalized information for the Westmont, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Westmont, PA is 91, which is 8% lower than the Pennsylvania average and 9% lower 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 Westmont, PA are 11% lower than the average for Pennsylvania and 12% lower than the rest of the country.

Did you know?

The cost of living in Westmont is 8% lower than the Pennsylvania average.
The cost of living in Westmont is 9% lower than the national average.
The cost of housing in Westmont is 16% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Westmont, PA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Westmont, PA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Westmont, PA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$64,229	$5,352	$1,499	$1,927
Renters	$42,270	$3,523	$986	$1,268

One can approximate the cost of living and the housing affordability in Westmont, PA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Westmont, PA have a median income of $64,229. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,499 per month to avoid calamity and poverty. The renters in the city have an income of about $42,270, which would make their monthly maximum allowable rental costs $986.

Pennsylvania Sales Tax

State	General Sales Tax	With Max Surtax
Pennsylvania	6%	8%

Pennsylvania Income Tax

State	Income Tax (Low)	Income Tax (High)
Pennsylvania	3.07%	3.07%

When considering the overall cost of living expenses in Westmont, PA, it's important to take into account the sales tax for Pennsylvania, as well as the rate for income tax in Pennsylvania. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Pennsylvania is 8%, and the sales tax in the state of Pennsylvania is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Pennsylvania starts from 3.07% and goes up to 3.07%.

Goods & Services

Item	Westmont	National avg.	Difference
Haircut	$13.15	$15.56	15.5%
Beauty Salon	$37.36	$36.11	3.5%
Toothpaste	$2.36	$2.47	4.6%
Shampoo	$0.93	$0.96	3.6%
Movie	$9.94	$10.13	1.9%
Bowling	$4.01	$4.74	15.2%

Groceries

Item	Westmont	National avg.	Difference
Ground Beef	$2.88	$3.98	27.8%
Fried Chicken	$1.34	$1.41	4.8%
Milk	$1.86	$2.06	10.0%
Potatoes	$3.32	$2.98	11.4%
Pizza	$9.90	$9.47	4.5%
Beer	$10.34	$8.79	17.6%

Health Care

Item	Westmont	National avg.	Difference
Optometrist	$80.03	$101.04	20.8%
Doctor	$97.54	$107.44	9.2%
Dentist	$89.29	$90.42	1.2%
Ibuprofen	$8.86	$9.28	4.5%
Lipitor	$415.12	$426.50	2.7%

Housing

Item	Westmont	National avg.	Difference
Home Price	$146,900.00	$175,700.00	16.4%
Avg. Mortgage Payment	$961.34	$1,133.23	15.2%
Apartment Rent	$769.00	$920.00	16.4%

Transportation

Item	Westmont	National avg.	Difference
Gasoline	$2.19	$1.99	9.7%
Tire Balancing	$45.27	$45.76	1.1%

Utilities

Item	Westmont	National avg.	Difference
All Electricity	$184.95	$163.81	12.9%
Phone	$25.21	$28.39	11.2%

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, State	Population	Cost of Living Index	National Avg.
University of Pittsburgh Johnstown, PA	1,396	95	-5%
Graceton, PA	238	74	-26%
Ehrenfeld, PA	205	76	-24%
Johnstown, PA	20,576	76	-24%
Dale, PA	1,213	76	-24%
Westmont, PA	5,086	91	-9%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Mayville, WI	5,086	96	-4%
Mocksville, NC	5,086	87	-13%
Chelsea, MI	5,085	100	-0%
Perry, OK	5,087	77	-23%
Davison, MI	5,085	90	-10%
Westmont, PA	5,086	91	-9%

Source: The Westmont, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Westmont, PA Cost of Living