Elco, PA vs New Market, PA

New Market is moderately more affordable than Elco, with a 5% lower cost of living index. Elco scores 73 compared to 70 for New Market, where the US average is 100. This difference means residents of Elco can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elco is $967/month compared to $742/month in New Market — a 30% difference. Interestingly, home values tell a different story: while New Market has cheaper rent, Elco actually has lower median home values ($129,700 vs $160,200).

Median household income in Elco is $66,667 compared to $41,364 in New Market (+61.2%). 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 21.5% in New Market.