Cost of Living in Shrewsbury, PA

With a cost of living index of 91, Shrewsbury, PA is slightly more affordable than average. Living here is 9% cheaper than the national average and 8% above the Pennsylvania state average of 83. Shrewsbury is a small community of 3,866 residents.

Housing costs are the biggest factor in Shrewsbury's cost of living. The median monthly rent is $1,091 (17% below the US median of $1,319), and the median home value sits at $296,300 (3% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Shrewsbury is $95,962, which is 28% 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 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.