Cost of Living in Hermitage, PA

Housing

The housing market plays a significant role in determining the cost of living in Hermitage, PA.

• Housing Index: 85.0 / 100
• Median Home Price is: $94500
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $1024 per month

Considering a move to Hermitage, PA? With a housing index of 85.0, the affordability here is quite appealing compared to national averages. The median home price of 94500 combined with an average rent of 800 for a 2-bedroom apartment or 1024 for a house makes it easier for budget-conscious families or individuals to settle down. Additionally, many neighborhoods also offer good school districts and low crime rates, making it a great choice for those seeking quality living without breaking the bank. This affordable landscape may just be the ticket to your new beginning.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hermitage, PA.

• Electricity Price: 17.68 USD (median by state)
• Natural Gas Price: $17.61 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Hermitage, PA could entail higher utility costs. Electricity costs sit at 17.68, while natural gas is priced at 17.61 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $56500

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Hermitage, PA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.