Cost of Living in Cornwall, PA

With a cost of living index of 149, Cornwall, PA is one of the most expensive cities in the United States. Living here is 49% more expensive than the national average and 66% above the Pennsylvania state average of 83. Cornwall is a small community of 4,602 residents.

Housing costs are the biggest factor in Cornwall's cost of living. The median monthly rent is $2,974 (125% above the US median of $1,319), and the median home value sits at $307,400 (1% above the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Cornwall is $102,861, which is 37% higher than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Cornwall. The area sees an average annual temperature of 53.3°F, with summers averaging 73°F and winters around 33°F. Annual rainfall totals 42.1 inches spread over roughly 133 days.

Everyday prices in the Lebanon, 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.