Laureldale 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.
IndexLaureldalePennsylvaniaNational
Cost of living index8899100
IndexLaureldalePennsylvaniaNational
Goods & Services index9098100
Groceries index91103100
Health care index9094100
Housing index7491100
Transportation index103109100
Utilities index109111100
An overview of the general cost of living index for Laureldale, PA is displayed above for your reference. Residents in Laureldale, PA enjoy a cost of living index of 88. This index is 10% lower than the Pennsylvania average, and 12% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Laureldale, PA, the average cost of goods and services is 8% lower than it is in Pennsylvania, and it is 10% lower than the national average.
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Did you know?

  • The cost of living in Laureldale is 10% lower than the Pennsylvania average.
  • The cost of living in Laureldale is 12% lower than the national average.
  • The cost of housing in Laureldale is 26% 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.

Compare Laureldale, PA Cost of living To Other Cities

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      Salary Calculator

      This is how much you would need to earn in
      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 Laureldale, 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 Laureldale, PA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Laureldale, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$61,768$5,147$1,441$1,853
      Renters$32,950$2,746$769$989
      A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Laureldale, PA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Laureldale, PA has a median income of about $61,768 for people who own homes. Based on that number, a person should spend a maximum of $1,441 on expenses related to housing. Renters have a slightly different median income, which is $32,950. Based on this average, renters should spend no more than $769 on all of their rental costs if they want to maintain a non-impoverished standard of living.

      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 Laureldale, 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

      ItemLaureldaleNational avg.Difference
      Haircut $15.00$17.4914.2%
      Beauty Salon $33.40$38.1712.5%
      Toothpaste $1.50$2.3235.4%
      Shampoo $1.03$1.011.8%
      Movie $10.13$10.725.5%
      Bowling $12.40$13.8610.5%

      Groceries

      ItemLaureldaleNational avg.Difference
      Ground Beef $3.94$3.901.0%
      Fried Chicken $1.21$1.4013.3%
      Milk $2.21$1.9612.6%
      Potatoes $3.45$3.188.4%
      Pizza $8.24$10.3920.7%
      Beer $9.57$9.233.7%

      Health Care

      ItemLaureldaleNational avg.Difference
      Optometrist $88.79$106.3416.5%
      Doctor $95.75$115.2516.9%
      Dentist $88.43$98.3810.1%
      Ibuprofen $9.11$9.261.6%
      Lipitor $470.80$466.470.9%

      Housing

      ItemLaureldaleNational avg.Difference
      Home Price $123,300.00$184,700.0033.2%
      Avg. Mortgage Payment $982.01$1,273.3222.9%
      Apartment Rent $865.00$949.008.9%

      Transportation

      ItemLaureldaleNational avg.Difference
      Gasoline $2.83$2.599.0%
      Tire Balancing $46.42$48.905.1%

      Utilities

      ItemLaureldaleNational avg.Difference
      All Electricity$189.54$167.6013.1%
      Phone $186.60$163.4214.2%
      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, PA3,81195-5%
      Walnuttown, PA58795-5%
      Hyde Park borough, PA45181-19%
      Reading, PA87,89981-19%
      Alsace Manor, PA34483-17%
      Laureldale, PA3,87988-12%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Eastland, TX3,87980-20%
      Indian Head, MD3,87911111%
      Brookville, PA3,87888-12%
      Lake Belvedere Estates, FL3,8781033%
      Cozad, NE3,87780-20%
      Laureldale, PA3,87988-12%
      Source: The Laureldale, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.