Cost of Living in Frazer, PA

With a cost of living index of 142, Frazer, PA is one of the most expensive cities in the United States. Living here is 42% more expensive than the national average and 59% above the Pennsylvania state average of 83. Frazer is a small community of 3,498 residents.

Housing costs are the biggest factor in Frazer's cost of living. The median monthly rent is $1,924 (46% above the US median of $1,319), and the median home value sits at $581,400 (91% above the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Frazer is $138,212, which is 84% higher than the national median of $75,149. Residents spend roughly 17% 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.

Everyday prices in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (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.