Cost of Living in Almedia, PA

With a cost of living index of 81, Almedia, PA is a very affordable place to live. Living here is 19% cheaper than the national average and in line with the Pennsylvania state average. Almedia is a small community of 1,036 residents.

Housing costs are the biggest factor in Almedia's cost of living. The median monthly rent is $1,129 (14% below the US median of $1,319), and the median home value sits at $171,600 (44% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Almedia is $63,158, which is 16% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Almedia. The area sees an average annual temperature of 51.1°F, with summers averaging 71°F and winters around 30°F. Annual rainfall totals 40.9 inches spread over roughly 149 days.

Everyday prices in the Scranton--Wilkes-Barre, PA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.