Cost of Living in Oaks, PA

With a cost of living index of 138, Oaks, PA is a notably expensive place to live. Living here is 38% more expensive than the national average and 55% above the Pennsylvania state average of 83. Oaks is a small community of 860 residents.

Housing costs are the biggest factor in Oaks's cost of living. The median monthly rent is $1,990 (51% above the US median of $1,319), and the median home value sits at $542,600 (78% above the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Oaks is $162,308, which is 116% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.