C-
16%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
45%
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 Wyomissing Pennsylvania National
Cost of living11698100
Goods & Services10799100
Groceries9999100
Health care11094100
Housing14591100
Transportation108106100
Utilities93107100

An Overview of Cost of Living in Wyomissing, PA

The cost of living in Wyomissing 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 Wyomissing is 116, which is 16% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing costs significantly influence the Wyomissing 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 45.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Wyomissing Affordable?

Wondering if Wyomissing is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Wyomissing, for example, the median home price is 43.6% higher than what folks pay nationally, and monthly rent is 49.5% higher than the usual rates. Plus, income levels matter too, with Wyomissing boasting a median household income of $81,816, which is 47.9% higher than the national average.

What Factors can Influence the Cost of Living in Wyomissing?

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Wyomissing comes in at 6.9% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Wyomissing, the healthcare costs are 10.1% higher than the national average.

Where is the Data From?

The Wyomissing cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Wyomissing is 19% higher than the Pennsylvania average
  • The cost of living in Wyomissing is 16% higher than the national average
  • Wyomissing housing is 45% 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 Wyomissing

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Compare Wyomissing, 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$108,493$9,041$2,531$3,255
      Renters$48,878$4,073$1,140$1,466
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Wyomissing, 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 Wyomissing, homeowners have a median income of $108,493. Using that number, a maximum of $2,531 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $48,878, which means there is a maximum of $1,140 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 Wyomissing National avg. Difference
      Haircut $26.17$24.267.9%
      Beauty Salon $40.39$45.5611.4%
      Toothpaste $3.77$3.701.9%
      Shampoo $1.43$1.2811.4%
      Movie $12.52$12.133.2%
      Bowling $15.56$18.0013.6%

      Groceries

      Item Wyomissing National avg. Difference
      Ground Beef $5.65$5.843.2%
      Fried Chicken $1.45$1.578.0%
      Milk $4.49$4.673.8%
      Potatoes $5.37$4.938.8%
      Pizza $11.67$12.093.4%
      Beer $11.13$10.416.9%

      Health Care

      Item Wyomissing National avg. Difference
      Optometrist $123.25$125.681.9%
      Doctor $177.40$135.7830.7%
      Dentist $118.44$113.294.6%
      Ibuprofen $10.64$10.650.2%
      Lipitor $469.00$468.600.1%

      Housing

      Item Wyomissing National avg. Difference
      Home Price $265,300.00$184,700.0043.6%
      Avg. Mortgage Payment $2,026.41$2,346.6913.6%
      Apartment Rent $1,419.00$949.0049.5%

      Transportation

      Item Wyomissing National avg. Difference
      Gasoline $3.66$3.465.7%
      Tire Balancing $68.88$59.9215.0%

      Utilities

      Item Wyomissing National avg. Difference
      All Electricity $169.62$193.9912.6%
      Phone $195.81$192.251.9%
      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.
      Rehrersburg, PA1941043.7%
      Kutztown University, PA3,8981043.7%
      Brownstown borough, PA7998515.0%
      Hyde Park borough, PA4518712.6%
      Reading, PA88,3338910.6%
      Wyomissing, PA10,49911616.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Timberlane, LA10,498972.6%
      Celina, OH10,498955.1%
      Gunbarrel, CO10,49415050.4%
      North Glengarry, ON10,494n/a 
      West Vero Corridor, FL10,5078911.1%
      Wyomissing, PA10,49911616.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.