Cost of Living in Cranesville, PA

With a cost of living index of 69, Cranesville, PA is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 14% below the Pennsylvania state average of 83. Cranesville is a small community of 732 residents.

Housing costs are the biggest factor in Cranesville's cost of living. The median monthly rent is $881 (33% below the US median of $1,319), and the median home value sits at $120,700 (60% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Cranesville is $73,824, which is 2% lower than the national median of $75,149. Residents spend roughly 14% 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 Cranesville. The area sees an average annual temperature of 50.8°F, with summers averaging 71°F and winters around 30°F. Annual rainfall totals 43 inches spread over roughly 167 days.

Everyday prices in the Erie, 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.