| Index | Wyomissing | Pennsylvania | National |
| Cost of living | 115 | 97 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 101 | 99 | 100 |
| Housing | 146 | 90 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 104 | 100 | 100 |
| Household Items | 102 | 99 | 100 |
| Education & Childcare | 103 | 101 | 100 |
Knowing the cost of living in Wyomissing allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Wyomissing stands at 115, marking it 15% higher than the national average.
Housing costs are a very significant part of the Wyomissing cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 45.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Wondering if Wyomissing is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Wyomissing, for example, the median home price is 44.8% higher than what folks pay nationally, and monthly rent is 47.8% higher than the usual rates. Plus, income levels matter too, with Wyomissing boasting a median household income of $119,901, which is 47.4% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Wyomissing, is 45.7% 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: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Wyomissing, the transportation index is 1.6% higher than the national average.
The Wyomissing cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as 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 | $162,843 | $13,570 | $3,799 | $4,886 |
| Renters | $71,891 | $5,991 | $1,677 | $2,157 |
| 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. |
| Rehrersburg, PA | 202 | 101 | 1.2% |
| Kutztown University, PA | 4,018 | 101 | 1.2% |
| Brownstown borough, PA | 822 | 82 | 18.3% |
| Hyde Park borough, PA | 462 | 86 | 14.0% |
| Reading, PA | 90,906 | 88 | 12.4% |
| Wyomissing, PA | 10,834 | 115 | 14.6% |
| City | Population | Cost of Living Index | National Avg. |
| Morro Bay, CA | 10,833 | 170 | 69.6% |
| Elliot Lake, ON | 10,836 | n/a | |
| Burley, ID | 10,837 | 93 | 7.0% |
| Jessup, MD | 10,837 | 132 | 32.2% |
| Sweetwater, TX | 10,838 | 84 | 16.5% |
| Wyomissing, PA | 10,834 | 115 | 14.6% |
Here are the best places to live in Pennsylvania
See the best places to live in Wyomissing
Safest States In The US
Most Dangerous States In The US