Cost of Living in Hop Bottom, PA
Population: 283 | Pennsylvania
Hop Bottom is 24% less expensive than the national average.
Cost of Living in Hop Bottom, PA: What You Need to Know
With a cost of living index of 76, Hop Bottom, 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. Hop Bottom is a small community of 283 residents.
Housing costs are the biggest factor in Hop Bottom's cost of living. The median monthly rent is $1,102 (16% below the US median of $1,319), and the median home value sits at $112,900 (63% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.
The median household income in Hop Bottom is $50,000, which is 33% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.
Income
- Median Household Income
- $50,000
- vs US Median ($75,149)
- -33%
Housing
- Median Rent
- $1,102/mo
- Median Home Value
- $112,900
- Median Monthly Housing Cost
- $831/mo