Cost of Living in Reading, PA

Housing

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

• Housing Index: 95.0 / 100
• Median Home Price is: $180000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Considering a move to Reading, PA? With a housing index of 95.0, this area is notably accessible compared to national averages. The median home price sitting at 180000 presents a favorable opportunity for potential homeowners. Renting isn’t a strain either, with an average rent for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1280. Additionally, understanding local amenities and community aspects can further enrich your decision-making process, making Reading a viable option for new beginnings. Explore and weigh all these factors carefully before making your move!

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Reading, 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.): $220 per month

Living in Reading, 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 220 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: 98.5

Median Income

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

• Median Income: $42852

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 Reading, 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.