Fairchance, PA vs Hyde Park, PA

Fairchance, PA and Hyde Park, PA have a very similar cost of living, with only a 0.5% difference in their overall index. Fairchance scores 68 while Hyde Park scores 68 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 Fairchance is $707/month compared to $815/month in Hyde Park — a 13% difference. Interestingly, home values tell a different story: while Fairchance has cheaper rent, Hyde Park actually has lower median home values ($123,000 vs $159,000).

Median household income in Fairchance is $38,427 compared to $67,344 in Hyde Park (-42.9%). While Hyde Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairchance spend roughly 22.1% of their income on rent, more than the 14.5% in Hyde Park.