Cost of Living in Highland Park, PA

With a cost of living index of 76, Highland Park, PA is a very affordable place to live. Living here is 24% cheaper than the national average and 7% below the Pennsylvania state average of 83. Highland Park is a small community of 1,417 residents.

Housing costs are the biggest factor in Highland Park's cost of living. The median monthly rent is $918 (30% below the US median of $1,319), and the median home value sits at $182,000 (40% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Highland Park is $64,044, which is 15% lower 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.