Cost of Living in Conneaut Lake, PA

With a cost of living index of 67, Conneaut Lake, PA is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 16% below the Pennsylvania state average of 83. Conneaut Lake is a small community of 546 residents.

Housing costs are the biggest factor in Conneaut Lake's cost of living. The median monthly rent is $775 (41% below the US median of $1,319), and the median home value sits at $126,300 (59% 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 Conneaut Lake is $47,500, which is 37% lower than the national median of $75,149. Residents spend roughly 20% 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 Conneaut Lake. The area sees an average annual temperature of 48.6°F, with summers averaging 68°F and winters around 28°F. Annual rainfall totals 41.4 inches spread over roughly 169 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.