A+
12%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
43%
Housing NAT. AVG.
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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 Erie Pennsylvania National
Cost of living8898100
Goods & Services9799100
Groceries9799100
Health care8994100
Housing5791100
Transportation114106100
Utilities109107100

An Overview of Cost of Living in Erie, PA

The cost of living in Erie affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Erie is 88, which is 12% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Erie stands out by reporting housing costs that are 42.8% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.

What Do Locals Say About the Cost of Living in Erie?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 12 locals to understand their opinions on the cost of living in Erie. The results indicated that 67% found it reasonably priced with decreasing prices of goods and services, while 33% viewed it as quite expensive, with increasing prices.

Is Erie Affordable?

Is Erie an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Erie is 51% lower than the national average, while the average monthly rent prices are 23.6% lower than average. The affordability of any location can also be influenced by median income levels. Erie has a median household income of $38,655, which is 30.1% lower than the national average.

What Factors can Influence the Cost of Living in Erie?

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Erie, the groceries index is 3% lower than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Erie, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 3.07%.

Where is the Data From?

The cost of living in Erie, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Erie is 11% lower than the Pennsylvania average
  • The cost of living in Erie is 12% lower than the national average
  • Erie housing is 43% 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 Erie

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Compare Erie, PA Cost of Living

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      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$55,553$4,629$1,296$1,667
      Renters$25,405$2,117$593$762
      To approximate the cost of living and the housing affordability in Erie, PA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Erie have a median income of $55,553. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,296 per month to avoid calamity and poverty. The renters in the city have an income of about $25,405, which would make their monthly maximum allowable rental costs $593.

      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 Erie National avg. Difference
      Haircut $20.02$24.2617.5%
      Beauty Salon $45.08$45.561.1%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.42$1.2810.7%
      Movie $10.18$12.1316.1%
      Bowling $12.76$18.0029.1%

      Groceries

      Item Erie National avg. Difference
      Ground Beef $5.35$5.848.4%
      Fried Chicken $1.33$1.5715.2%
      Milk $4.52$4.673.2%
      Potatoes $5.46$4.9310.7%
      Pizza $9.45$12.0921.9%
      Beer $8.99$10.4113.7%

      Health Care

      Item Erie National avg. Difference
      Optometrist $99.22$125.6821.1%
      Doctor $124.54$135.788.3%
      Dentist $103.83$113.298.3%
      Ibuprofen $10.32$10.653.1%
      Lipitor $368.67$468.6021.3%

      Housing

      Item Erie National avg. Difference
      Home Price $90,500.00$184,700.0051.0%
      Avg. Mortgage Payment $1,318.94$2,346.6943.8%
      Apartment Rent $725.00$949.0023.6%

      Transportation

      Item Erie National avg. Difference
      Gasoline $3.68$3.466.4%
      Tire Balancing $79.53$59.9232.7%

      Utilities

      Item Erie National avg. Difference
      All Electricity $218.99$193.9912.9%
      Phone $196.00$192.252.0%
      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.
      Penn State Erie (Behrend), PA1,5961010.6%
      Wattsburg, PA4308613.6%
      Wesleyville, PA3,1478712.6%
      Cranesville, PA7998812.5%
      Fairview borough, PA189918.7%
      Erie, PA96,6168812.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Federal Way, WA96,81213434.4%
      Nampa, ID96,8251033.3%
      Albany, NY96,8601032.6%
      Pickering, ON96,267n/a 
      San Marcos, CA96,21916363.4%
      Erie, PA96,6168812.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.