Homestead, PA vs Old Forge, PA

Homestead is moderately more affordable than Old Forge, with a 8.8% lower cost of living index. Homestead scores 66 compared to 73 for Old Forge, where the US average is 100. This difference means residents of Old Forge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Homestead is $874/month compared to $862/month in Old Forge — a 1% difference. Interestingly, home values tell a different story: while Old Forge has cheaper rent, Homestead actually has lower median home values ($81,400 vs $169,700).

Median household income in Homestead is $38,661 compared to $73,258 in Old Forge (-47.2%). While Old Forge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Homestead spend roughly 27.1% of their income on rent, more than the 14.1% in Old Forge.