A+
4%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
13%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Dunmore Pennsylvania National
Cost of living9698100
Goods & Services9999100
Groceries9999100
Health care8694100
Housing8791100
Transportation102106100
Utilities105107100

An Overview of Cost of Living in Dunmore, PA

Getting a feel for the cost of living in Dunmore is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Dunmore is 96, which is 4% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Dunmore are priced in a manner consistent with other areas. This means that residents of Dunmore can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Dunmore Affordable?

Is Dunmore an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Dunmore, the median home price is 12.1% lower than what most folks pay across the country, and monthly rent prices are 15.4% lower than the usual rates. Income levels in Dunmore come in at $60,058, which is 8.6% higher than the national average.

What Factors can Influence the Cost of Living in Dunmore?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Dunmore, the groceries index is 1.2% lower than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Dunmore, healthcare costs are 13.6% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Dunmore, the standard sales tax rate starts at 6%, and the income tax rates commence at 3.07%.

Where is the Data From?

The Dunmore cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Dunmore Area
Search Homes for Sale in Dunmore, PA

Cost Of Living Quick Facts

  • The cost of living in Dunmore is 2% lower than the Pennsylvania average
  • The cost of living in Dunmore is 4% lower than the national average
  • Dunmore housing is 13% lower than the national average
  • Pennsylvania general sales tax is 18% higher than the national average
  • Pennsylvania state income tax is 18% higher than the national average

Most Affordable Places to Live in and Around Dunmore

See all the best places to live around Dunmore

Compare Dunmore, PA Cost of Living

      vs
      How would you rate the cost of living in Dunmore?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Dunmore?
      Write a review to give others more information about this area.
      See all Dunmore poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$75,809$6,317$1,769$2,274
      Renters$38,645$3,220$902$1,159
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Dunmore, PA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Dunmore homeowners, is $75,809. This would allow for a maximum of $1,769 per month to be spent on housing costs. For renters, the median monthly income is $38,645 which would result in a maximum of $902 to be spent on rental costs.

      Pennsylvania Sales Tax

      State General Sales Tax With Max Surtax
      Pennsylvania 6% 8%

      Pennsylvania Income Tax

      State Income Tax (Low) Income Tax (High)
      Pennsylvania 3.07% 3.07%

      Goods & Services

      Item Dunmore National avg. Difference
      Haircut $25.33$24.264.4%
      Beauty Salon $32.67$45.5628.3%
      Toothpaste $3.80$3.702.7%
      Shampoo $1.41$1.2810.1%
      Movie $10.00$12.1317.6%
      Bowling $15.45$18.0014.2%

      Groceries

      Item Dunmore National avg. Difference
      Ground Beef $6.36$5.849.0%
      Fried Chicken $1.54$1.572.1%
      Milk $4.68$4.670.1%
      Potatoes $5.29$4.937.3%
      Pizza $11.60$12.094.0%
      Beer $11.68$10.4112.2%

      Health Care

      Item Dunmore National avg. Difference
      Optometrist $72.00$125.6842.7%
      Doctor $93.33$135.7831.3%
      Dentist $108.18$113.294.5%
      Ibuprofen $10.79$10.651.3%
      Lipitor $479.33$468.602.3%

      Housing

      Item Dunmore National avg. Difference
      Home Price $162,300.00$184,700.0012.1%
      Avg. Mortgage Payment $1,416.51$2,346.6939.6%
      Apartment Rent $803.00$949.0015.4%

      Transportation

      Item Dunmore National avg. Difference
      Gasoline $3.68$3.466.4%
      Tire Balancing $53.74$59.9210.3%

      Utilities

      Item Dunmore National avg. Difference
      All Electricity $207.13$193.996.8%
      Phone $195.27$192.251.6%
      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.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Eagle Lake, PA0990.8%
      Luzerne, PA2,8068613.9%
      Wilkes-Barre, PA40,8058613.9%
      Pittston, PA7,7298713.1%
      Simpson, PA1,1108515.4%
      Dunmore, PA13,008964.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Butler, PA13,0088712.8%
      Stony Point, NY13,00613635.8%
      Red Oak, TX13,01011010.2%
      Moody, AL13,004973.2%
      Coolidge, AZ13,016990.6%
      Dunmore, PA13,008964.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.