Cost of Living in Mont Clare, PA

With a cost of living index of 115, Mont Clare, PA is somewhat more expensive than average. Living here is 15% more expensive than the national average and 32% above the Pennsylvania state average of 83. Mont Clare is a small community of 2,155 residents.

Housing costs are the biggest factor in Mont Clare's cost of living. The median monthly rent is $1,844 (40% above the US median of $1,319), and the median home value sits at $278,600 (9% 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 Mont Clare is $82,115, which is 9% higher than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.