Cost of Living in Bally, PA

With a cost of living index of 89, Bally, PA is a very affordable place to live. Living here is 11% cheaper than the national average and 6% above the Pennsylvania state average of 83. Bally is a small community of 1,129 residents.

Housing costs are the biggest factor in Bally's cost of living. The median monthly rent is $1,194 (9% below the US median of $1,319), and the median home value sits at $232,100 (24% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bally is $75,000, which is 0% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Bally. The area sees an average annual temperature of 51.9°F, with summers averaging 72°F and winters around 32°F. Annual rainfall totals 45.3 inches spread over roughly 137 days.

Everyday prices in the Reading, 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.