Cost of Living in Bear Creek Village, PA

With a cost of living index of 116, Bear Creek Village, PA is a notably expensive place to live. Living here is 16% more expensive than the national average and 33% above the Pennsylvania state average of 83. Bear Creek Village is a small community of 356 residents.

Housing costs are the biggest factor in Bear Creek Village's cost of living. The median monthly rent is $1,750 (33% above the US median of $1,319), and the median home value sits at $365,500 (20% above the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Bear Creek Village is $172,500, which is 130% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Bear Creek Village. The area sees an average annual temperature of 51.3°F, with summers averaging 72°F and winters around 31°F. Annual rainfall totals 38.7 inches spread over roughly 139 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.