Cost of Living in New Morgan, PA

With a cost of living index of 108, New Morgan, PA is somewhat more expensive than average. Living here is 8% more expensive than the national average and 25% above the Pennsylvania state average of 83. New Morgan is a small community of 98 residents.

The median household income in New Morgan is $142,656, which is 90% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Reading, PA (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.