A+
10%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
33%
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 Williamsport Pennsylvania National
Cost of living9098100
Goods & Services9699100
Groceries10299100
Health care9194100
Housing6791100
Transportation108106100
Utilities105107100

An Overview of Cost of Living in Williamsport, PA

Knowing the cost of living in Williamsport allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Williamsport stands at 90, marking it 10% lower than the national average.

The cost of living in Williamsport closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Williamsport can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Williamsport Affordable?

Is Williamsport 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 Williamsport, the median home price is 38.7% lower than what most folks pay across the country, and monthly rent prices are 19.4% lower than the usual rates. Income levels in Williamsport come in at $41,190, which is 25.5% lower than the national average.

What Factors can Influence the Cost of Living in Williamsport?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Williamsport, healthcare costs are 9.4% lower than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Williamsport, the utilities index registers at 5% higher than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Williamsport, is 32.9% lower than the national average.

Where is the Data From?

The cost of living data in Williamsport displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Williamsport is 8% lower than the Pennsylvania average
  • The cost of living in Williamsport is 10% lower than the national average
  • Williamsport housing is 33% 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 Williamsport

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Compare Williamsport, 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$65,391$5,449$1,526$1,962
      Renters$27,434$2,286$640$823
      The affordability of the housing market in Williamsport, PA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Williamsport homeowners, the median income is $65,391. This indicates that a monthly maximum of $1,526 should be spent by homeowners on all housing related costs. Renters have a median income of $27,434. This indicates that renters would have a maximum of $640 for their rent related monthly 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 Williamsport National avg. Difference
      Haircut $24.86$24.262.5%
      Beauty Salon $36.67$45.5619.5%
      Toothpaste $3.65$3.701.4%
      Shampoo $1.38$1.287.9%
      Movie $9.90$12.1318.4%
      Bowling $17.39$18.003.4%

      Groceries

      Item Williamsport National avg. Difference
      Ground Beef $5.93$5.841.5%
      Fried Chicken $1.53$1.572.7%
      Milk $4.58$4.672.0%
      Potatoes $5.36$4.938.7%
      Pizza $10.88$12.0910.0%
      Beer $13.28$10.4127.5%

      Health Care

      Item Williamsport National avg. Difference
      Optometrist $83.44$125.6833.6%
      Doctor $105.97$135.7822.0%
      Dentist $109.14$113.293.7%
      Ibuprofen $10.75$10.650.9%
      Lipitor $493.33$468.605.3%

      Housing

      Item Williamsport National avg. Difference
      Home Price $113,200.00$184,700.0038.7%
      Avg. Mortgage Payment $1,439.22$2,346.6938.7%
      Apartment Rent $765.00$949.0019.4%

      Transportation

      Item Williamsport National avg. Difference
      Gasoline $3.69$3.466.6%
      Tire Balancing $67.65$59.9212.9%

      Utilities

      Item Williamsport National avg. Difference
      All Electricity $207.34$193.996.9%
      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.
      Montgomery, PA1,4949010.5%
      Dewart, PA1,2989010.0%
      Jersey Shore, PA4,181927.5%
      New Columbia, PA1,164937.3%
      Avis, PA1,461937.2%
      Williamsport, PA28,437909.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Woolwich, ON28,438n/a 
      Jacksonville, AR28,442927.8%
      Burbank, IL28,4471066.2%
      Temescal Valley, CA28,42015554.5%
      Henderson, KY28,469909.8%
      Williamsport, PA28,437909.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.