Cost of Living in Lanesboro, PA

With a cost of living index of 72, Lanesboro, PA is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 11% below the Pennsylvania state average of 83. Lanesboro is a small community of 628 residents.

Housing costs are the biggest factor in Lanesboro's cost of living. The median monthly rent is $950 (28% below the US median of $1,319), and the median home value sits at $113,500 (63% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lanesboro is $33,194, which is 56% lower than the national median of $75,149. Residents spend roughly 34% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.