Cost of Living in Wanamie, PA

With a cost of living index of 84, Wanamie, PA is a very affordable place to live. Living here is 16% cheaper than the national average and in line with the Pennsylvania state average. Wanamie is a small community of 762 residents.

Housing costs are the biggest factor in Wanamie's cost of living. The median monthly rent is $1,263 (4% below the US median of $1,319), and the median home value sits at $157,600 (48% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Wanamie is $49,700, which is 34% lower than the national median of $75,149. Residents spend roughly 30% 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.

Climate is another factor for anyone considering a move to Wanamie. The area sees an average annual temperature of 51.3°F, with summers averaging 72°F and winters around 31°F. Annual rainfall totals 38.7 inches spread over roughly 139 days.

Everyday prices in the Scranton--Wilkes-Barre, 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.