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.
The above illustration supplies generalized information for the Palmerton, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Palmerton, PA is 91, which is 8% lower than the Pennsylvania average and 9% lower 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 Palmerton, PA are 1% higher than the average for Pennsylvania and 2% higher than the rest of the country.
Find Real Estate Listings In Palmerton
New Real Estate Listings In Palmerton
Did you know?
The cost of living in Palmerton is 8% lower than the Pennsylvania average.
The cost of living in Palmerton is 9% lower than the national average.
The cost of housing in Palmerton is 34% 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 Palmerton, PA Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Using the salary calculator lets you compare the salary you earn in Palmerton, PA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Palmerton, PA, you have to earn a higher income in order to still have the same standard of living. To operate the Palmerton, PA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Palmerton, PA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Palmerton, PA, the median monthly income is $59,139 for those who own their own homes. Under the standard rule, that income level would allow for $1,380 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,152, per the median income in the area. That would allow for renters to spend up to $703 on monthly rental expenses.
Pennsylvania Sales Tax
General Sales Tax
With Max Surtax
Pennsylvania Income Tax
Income Tax (Low)
Income Tax (High)
The Pennsylvania sales tax and Pennsylvania income tax rates should definitely be considered when determining the overall cost of living in Palmerton, PA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Pennsylvania sales tax is 6% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Pennsylvania income tax rates range from 3.07% to 3.07%.
Goods & Services
Avg. Mortgage Payment
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.