Elco, PA vs Homewood, PA

Elco, PA and Homewood, PA have a very similar cost of living, with only a 3.7% difference in their overall index. Elco scores 73 while Homewood scores 70 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 Elco is $967/month compared to $927/month in Homewood — a 4% difference. Home values follow the same pattern: Homewood is more affordable at $112,500 median vs $129,700.

Median household income in Elco is $66,667 compared to $61,667 in Homewood (+8.1%). While Elco is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elco spend roughly 17.4% of their income on rent, less than the 18% in Homewood.