| Index | Broomall | Pennsylvania | National |
| Cost of living | 125 | 97 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 98 | 99 | 100 |
| Housing | 185 | 90 | 100 |
| Transportation | 97 | 101 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 102 | 99 | 100 |
| Education & Childcare | 99 | 101 | 100 |
The cost of living in Broomall affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Broomall is 125, which is 25% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
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 Broomall 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, Broomall falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs make up a big chunk of the cost of living in Broomall, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 84.6% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Broomall affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Broomall, the median home price is 100.1% higher than the national average and monthly rent prices are 48.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Broomall boasting a median household income of $145,177, 78.5% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Broomall, the transportation index is 2.7% lower than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Broomall, healthcare costs are 1.8% lower than the national average.
The Broomall 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.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $160,932 | $13,411 | $3,755 | $4,828 |
| Renters | $95,738 | $7,978 | $2,234 | $2,872 |
| 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. |
| 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% |
| Chester, PA | 35,117 | 86 | 13.9% |
| Broomall, PA | 10,988 | 125 | 24.8% |
| City | Population | Cost of Living Index | National Avg. |
| Waihee-Waiehu, HI | 10,988 | 166 | 66.3% |
| Burr Ridge, IL | 10,988 | 167 | 67.2% |
| Waipio, HI | 10,985 | 167 | 67.0% |
| Columbia, IL | 10,985 | 102 | 1.7% |
| St. Clements, MB | 10,993 | n/a | |
| Broomall, PA | 10,988 | 125 | 24.8% |
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