Cost of Living in Oak Lane, PA

With a cost of living index of 96, Oak Lane, PA is slightly more affordable than average. Living here is 4% cheaper than the national average and 13% above the Pennsylvania state average of 83. Oak Lane is a small community of 3,879 residents.

Housing costs are the biggest factor in Oak Lane's cost of living. The median monthly rent is $1,178 (11% below the US median of $1,319), and the median home value sits at $332,400 (9% above the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Oak Lane is $130,469, which is 74% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.