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Hanover, PA vs Monaca, PA

84
Hanover
Pennsylvania
VS
+22.6%
68
Monaca
Pennsylvania

There is a significant gap in the cost of living between these two cities. Monaca is 22.6% cheaper than Hanover. With a cost index of 68 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monaca to Hanover should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hanover is $1,095/month compared to $773/month in Monaca — a 42% difference. Home values follow the same pattern: Monaca is more affordable at $142,100 median vs $200,900.

Median household income in Hanover is $64,135 compared to $64,839 in Monaca (-1.1%). Monaca offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hanover spend roughly 20.5% of their income on rent, more than the 14.3% in Monaca.

Income & Cost

Cost of Living Index
Hanover
84
Monaca
68
18% cheaper
Median Household Income
Hanover
$64,135
Monaca
$64,839
1% higher

Housing

Median Rent
Hanover
$1,095
Monaca
$773
29% cheaper
Median Home Value
Hanover
$200,900
Monaca
$142,100
29% cheaper
Population
Hanover
16,483
Monaca
5,557

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Hanover $3.01
Monaca $3.01
US $3.07
🥚
Eggs (grade A, large)
Hanover $2.46
Monaca $2.46
US $2.50
🥛
Milk (whole)
Hanover $3.96
Monaca $3.96
US $4.03
🍞
Bread (white)
Hanover $1.82
Monaca $1.82
US $1.85
🍗
Chicken breast
Hanover $4.07
Monaca $4.07
US $4.14
Electricity
Hanover $0.22
Monaca $0.22
US $0.19