D
15%
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 Willow Grove Pennsylvania National
Cost of living11598100
Goods & Services10399100
Groceries10299100
Health care9494100
Housing14391100
Transportation107106100
Utilities110107100

An Overview of Cost of Living in Willow Grove, PA

Understanding the cost of living in Willow Grove can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Willow Grove cost of living index is 115, which is 15% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Housing costs significantly influence the Willow Grove cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 42.6%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Willow Grove Affordable?

Is Willow Grove 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 Willow Grove is 44.1% higher than the national average, while the average monthly rent prices are 39.2% higher than average. The affordability of any location can also be influenced by median income levels. Willow Grove has a median household income of $85,904, which is 55.3% higher than the national average.

What Factors can Influence the Cost of Living in Willow Grove?

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Willow Grove, the housing index stands at 42.6% higher than the national average.

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 Willow Grove, the groceries index is 2% higher than the national average.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Willow Grove starts at 6% and the income tax rates start at 3.07%.

Where is the Data From?

The cost of living data in Willow Grove 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 Willow Grove is 18% higher than the Pennsylvania average
  • The cost of living in Willow Grove is 15% higher than the national average
  • Willow Grove housing is 43% 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

Most Affordable Places to Live in and Around Willow Grove

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Compare Willow Grove, 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$98,596$8,216$2,300$2,958
      Renters$58,750$4,896$1,371$1,763
      A good way to judge both the affordability of the housing and the cost of living in Willow Grove is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Willow Grove has a median income of about $98,596 for people who own homes. Based on that number, a maximum of $2,300 should be spent on expenses related to housing. Renters have a slightly different median income, which is $58,750. Based on this average, renters should spend no more than $1,371 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Willow Grove National avg. Difference
      Haircut $23.54$24.263.0%
      Beauty Salon $66.27$45.5645.4%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.52$1.2818.4%
      Movie $13.75$12.1313.3%
      Bowling $19.47$18.008.1%

      Groceries

      Item Willow Grove National avg. Difference
      Ground Beef $5.76$5.841.3%
      Fried Chicken $1.46$1.577.4%
      Milk $4.67$4.670.0%
      Potatoes $5.37$4.938.8%
      Pizza $11.73$12.092.9%
      Beer $11.99$10.4115.2%

      Health Care

      Item Willow Grove National avg. Difference
      Optometrist $123.50$125.681.7%
      Doctor $132.56$135.782.4%
      Dentist $103.31$113.298.8%
      Ibuprofen $11.22$10.655.3%
      Lipitor $398.10$468.6015.0%

      Housing

      Item Willow Grove National avg. Difference
      Home Price $266,200.00$184,700.0044.1%
      Avg. Mortgage Payment $2,169.88$2,346.697.5%
      Apartment Rent $1,321.00$949.0039.2%

      Transportation

      Item Willow Grove National avg. Difference
      Gasoline $3.53$3.462.0%
      Tire Balancing $70.89$59.9218.3%

      Utilities

      Item Willow Grove National avg. Difference
      All Electricity $222.45$193.9914.7%
      Phone $198.27$192.253.1%
      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, PA5951043.8%
      Newtown CDP, PA2508811.7%
      Camden, NJ73,742919.1%
      Yeadon, PA11,495973.5%
      Beverly, NJ2,425991.0%
      Willow Grove, PA12,88111515.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Edgewater, NJ12,89017676.3%
      Glendale, WI12,8901065.9%
      Suamico, WI12,8901098.9%
      Key Biscayne, FL12,867260160.0%
      South Sioux City, NE12,8678613.9%
      Willow Grove, PA12,88111515.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.