Wyomissing 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.
IndexWyomissingPennsylvaniaNational
Cost of living index112102100
IndexWyomissingPennsylvaniaNational
Goods & Services index108103100
Groceries index103105100
Health care index10397100
Housing index12693100
Transportation index96112100
Utilities index114112100
The above illustration supplies generalized information for the Wyomissing, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Wyomissing, PA is 112, which is 10% higher than the Pennsylvania average and 12% 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 Wyomissing, PA are 5% higher than the average for Pennsylvania and 8% higher than the rest of the country.

Did you know?

  • The cost of living in Wyomissing is 10% higher than the Pennsylvania average.
  • The cost of living in Wyomissing is 12% higher than the national average.
  • The cost of housing in Wyomissing is 26% 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 Wyomissing, PA Cost of living To Other Cities

Salary Calculator

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Cost of living index
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Groceries index
Health care index
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Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Wyomissing, PA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Wyomissing, PA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Wyomissing, PA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$84,076$7,006$1,962$2,523
Renters$53,617$4,468$1,251$1,609
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Wyomissing, 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 Wyomissing, PA homeowners have a median income of $84,076. Using that number, you will come up with a maximum of $1,962 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $53,617, which means there is a maximum of $1,251 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%
For those who live in Wyomissing, PA and want to know what the true cost of living is, they ought to look at both the Pennsylvania income tax rate and the Pennsylvania sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Pennsylvania, the sales tax is 6%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Pennsylvania, the income tax rate ranges between 3.07% to 3.07%.

Goods & Services

ItemWyomissingNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $40.00$34.6815.3%
Toothpaste $2.22$2.4710.2%
Shampoo $0.91$1.0211.0%
Movie $11.50$9.8716.5%
Bowling $4.50$4.392.5%

Groceries

ItemWyomissingNational avg.Difference
Ground Beef $4.42$4.481.3%
Fried Chicken $1.56$1.466.6%
Milk $2.14$2.369.2%
Potatoes $3.66$3.0619.6%
Pizza $8.49$9.248.1%
Beer $8.49$8.631.7%

Health Care

ItemWyomissingNational avg.Difference
Optometrist $118.00$99.7818.3%
Doctor $87.50$105.0316.7%
Dentist $97.50$88.709.9%
Ibuprofen $9.42$9.410.1%
Lipitor $328.49$298.5010.0%

Housing

ItemWyomissingNational avg.Difference
Home Price $220,400.00$175,700.0025.4%
Avg. Mortgage Payment $1,153.85$1,081.036.7%
Apartment Rent $1,168.00$920.0027.0%

Transportation

ItemWyomissingNational avg.Difference
Gasoline $1.99$2.095.0%
Tire Balancing $45.00$45.290.6%

Utilities

ItemWyomissingNational avg.Difference
All Electricity$222.61$170.8030.3%
Phone $25.95$28.268.2%
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.
Kutztown University, PA2,01611515%
Brownstown, PA71184-16%
Reading, PA88,05190-10%
Walnuttown, PA37099-1%
Rehrersburg, PA40591-9%
Wyomissing, PA10,46711212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Linthicum, MD10,46611515%
Exeter, CA10,4681022%
Bluefield, WV10,46583-17%
Palatka, FL10,46487-13%
Villas, FL10,46494-6%
Wyomissing, PA10,46711212%
Source: The Wyomissing, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.