Cost of Living in Pennville, PA

With a cost of living index of 103, Pennville, PA is somewhat more expensive than average. Living here is 3% more expensive than the national average and 20% above the Pennsylvania state average of 83. Pennville is a small community of 2,102 residents.

Housing costs are the biggest factor in Pennville's cost of living. The median monthly rent is $1,732 (31% above the US median of $1,319), and the median home value sits at $199,400 (35% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Pennville is $72,842, which is 3% lower than the national median of $75,149. Residents spend roughly 29% 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 York-Hanover, 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.