| Index | Ardmore | Pennsylvania | National |
| Cost of living | 126 | 97 | 100 |
| Groceries | 105 | 100 | 100 |
| Health care | 101 | 99 | 100 |
| Housing | 177 | 90 | 100 |
| Transportation | 106 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 110 | 100 | 100 |
| Household Items | 99 | 99 | 100 |
| Education & Childcare | 102 | 101 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Ardmore? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Ardmore stands at 126, making it 26% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Ardmore is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Ardmore falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs are a major factor in the Ardmore cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 77.3% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Ardmore an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Ardmore is 86.2% higher than the national average, while the average monthly rent prices are 56.6% higher than average. The affordability of any location can also be influenced by median income levels. Ardmore has a median household income of $151,083, which is 85.8% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Ardmore, the utilities index is 1.4% lower than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Ardmore, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 3.07%.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
The Ardmore cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $203,606 | $16,967 | $4,750 | $6,109 |
| Renters | $94,987 | $7,916 | $2,216 | $2,850 |
| State | General Sales Tax | With Max Surtax |
| Pennsylvania | 6% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Pennsylvania | 3.07% | 3.07% |
| City | Population | Cost of Living Index | National Avg. |
| Tavistock, NJ | 5 | 111 | 10.6% |
| Cheyney University, PA | 198 | 99 | 0.8% |
| Arcadia University, PA | 609 | 100 | 0.1% |
| Prospect Park CDP, PA | 233 | 79 | 21.0% |
| Audubon Park, NJ | 1,003 | 92 | 7.9% |
| Ardmore, PA | 13,882 | 126 | 25.5% |
| City | Population | Cost of Living Index | National Avg. |
| Soddy-Daisy, TN | 13,883 | 93 | 6.9% |
| Dardenne Prairie, MO | 13,884 | 114 | 14.2% |
| Levelland, TX | 13,885 | 87 | 13.1% |
| Gatesville, TX | 13,875 | 88 | 11.6% |
| Lacombe, AB | 13,889 | n/a | |
| Ardmore, PA | 13,882 | 126 | 25.5% |
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