Cheltenham Village, PA vs Nazareth, PA

Cheltenham Village, PA and Nazareth, PA have a very similar cost of living, with only a 2.9% difference in their overall index. Cheltenham Village scores 93 while Nazareth scores 90 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cheltenham Village is $1,120/month compared to $1,186/month in Nazareth — a 6% difference. Interestingly, home values tell a different story: while Cheltenham Village has cheaper rent, Nazareth actually has lower median home values ($236,900 vs $278,400).

Median household income in Cheltenham Village is $89,018 compared to $57,551 in Nazareth (+54.7%). While Cheltenham Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheltenham Village spend roughly 15.1% of their income on rent, less than the 24.7% in Nazareth.