Cost of Living in Malvern, PA
Housing
The housing market plays a significant role in determining the cost of living in Malvern, PA.
- Housing Index: Data is updating
- Median Home Price is: $402,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data for Malvern, PA, the housing index appears to be quite low at 0.0, indicating potential affordability issues or a lack of available properties. The median home price stands at 402000, which may offer some perspective on home ownership dynamics in the area. However, absent data on average rents for 2BR apartments and houses (both at 0.0 and 0.0), potential renters may face challenges in understanding living costs compared to purchasing a home. Future developments or economic growth may also impact these metrics, influencing your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Malvern, 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.): Data is updating
Living in Malvern, 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 data unavailable 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 Malvern is a financially viable option for your relocation.