Cost of Living in South Renovo, PA

With a cost of living index of 67, South Renovo, PA is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 16% below the Pennsylvania state average of 83. South Renovo is a small community of 478 residents.

Housing costs are the biggest factor in South Renovo's cost of living. The median monthly rent is $955 (28% below the US median of $1,319), and the median home value sits at $55,200 (82% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in South Renovo is $42,857, which is 43% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.