Cost Of Living in Folsom, PA

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	Folsom	Pennsylvania	National
Cost of living	109	98	100
Goods & Services	103	99	100
Groceries	102	99	100
Health care	94	94	100
Housing	122	91	100
Transportation	107	106	100
Utilities	110	107	100

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Cost Of Living Quick Facts

The cost of living in Folsom is 12% higher than the Pennsylvania average
The cost of living in Folsom is 9% higher than the national average
Folsom housing is 22% higher 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

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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	$103,497	$8,625	$2,415	$3,105
Renters	$52,188	$4,349	$1,218	$1,566

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Folsom, PA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Folsom, homeowners have a median income of $103,497. Using that number, a maximum of $2,415 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $52,188, which means there is a maximum of $1,218 to be spent on the costs of renting a home or apartment.

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	Folsom	National avg.	Difference
Haircut	$23.54	$24.26	3.0%
Beauty Salon	$66.27	$45.56	45.4%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.52	$1.28	18.4%
Movie	$13.75	$12.13	13.3%
Bowling	$19.47	$18.00	8.1%

Groceries

Item	Folsom	National avg.	Difference
Ground Beef	$5.76	$5.84	1.3%
Fried Chicken	$1.46	$1.57	7.4%
Milk	$4.67	$4.67	0.0%
Potatoes	$5.37	$4.93	8.8%
Pizza	$11.73	$12.09	2.9%
Beer	$11.99	$10.41	15.2%

Health Care

Item	Folsom	National avg.	Difference
Optometrist	$123.50	$125.68	1.7%
Doctor	$132.56	$135.78	2.4%
Dentist	$103.31	$113.29	8.8%
Ibuprofen	$11.22	$10.65	5.3%
Lipitor	$398.10	$468.60	15.0%

Housing

Item	Folsom	National avg.	Difference
Home Price	$213,200.00	$184,700.00	15.4%
Avg. Mortgage Payment	$2,169.88	$2,346.69	7.5%
Apartment Rent	$1,311.00	$949.00	38.1%

Transportation

Item	Folsom	National avg.	Difference
Gasoline	$3.53	$3.46	2.0%
Tire Balancing	$70.89	$59.92	18.3%

Utilities

Item	Folsom	National avg.	Difference
All Electricity	$222.45	$193.99	14.7%
Phone	$198.27	$192.25	3.1%

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.
Arcadia University, PA	595	104	3.8%
Cheyney University, PA	194	104	4.4%
Prospect Park CDP, PA	224	82	17.9%
Audubon Park, NJ	969	87	12.8%
Chester, PA	33,855	89	10.6%
Folsom, PA	8,706	109	9.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Angola, IN	8,706	92	7.6%
Kirby, TX	8,709	89	11.3%
Sanatoga, PA	8,710	106	5.7%
Lake Norman of Catawba, NC	8,701	123	22.9%
Cresskill, NJ	8,701	184	83.9%
Folsom, PA	8,706	109	9.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Folsom, PA