Cost of Living in Palmer Heights, PA

With a cost of living index of 101, Palmer Heights, PA is right around the national average in cost. Living here is 1% more expensive than the national average and 18% above the Pennsylvania state average of 83. Palmer Heights is a small community of 3,963 residents.

Housing costs are the biggest factor in Palmer Heights's cost of living. The median monthly rent is $1,411 (7% above the US median of $1,319), and the median home value sits at $289,400 (5% below 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 Palmer Heights is $115,292, which is 53% 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.

Everyday prices in the Allentown-Bethlehem-Easton, PA-NJ (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.