Cheltenham Village, PA vs Somerset, PA

The cost of living difference between Cheltenham Village, PA and Somerset, PA is dramatic. Somerset is 41.6% cheaper than Cheltenham Village, a gap that translates to thousands of dollars per year in household expenses. Cheltenham Village has a cost index of 93 while Somerset sits at 65, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cheltenham Village is $1,120/month compared to $673/month in Somerset — a 66% difference. Home values follow the same pattern: Somerset is more affordable at $144,400 median vs $278,400.

Median household income in Cheltenham Village is $89,018 compared to $41,782 in Somerset (+113.1%). 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 19.3% in Somerset.