An Overview of Cost of Living in East Stroudsburg, PA
The cost of living in East Stroudsburg 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 East Stroudsburg is 101, which is 1% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in East Stroudsburg closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of East Stroudsburg can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is East Stroudsburg Affordable?
Is East Stroudsburg affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take East Stroudsburg, for instance, where the median home price falls 18.6% lower than the national average, and monthly rent rates are 21.4% higher than usual. Additionally, median income levels contribute to the equation, with East Stroudsburg flaunting a median household income of $56,297, 1.8% higher than the national norm.
What Factors can Influence the Cost of Living in East Stroudsburg?
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In East Stroudsburg, the transportation index is 3.3% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in East Stroudsburg starts at 6% and the income tax rates start at 3.07%.
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 East Stroudsburg, healthcare costs are 4.2% lower than the national average.
Where is the Data From?
The East Stroudsburg cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.
Here are the best places to live in Pennsylvania
Top 10 best public schools in East Stroudsburg
10 best cities to buy a new house in Pennsylvania
Check out the 10 safest cities in Pennsylvania