Cost of Living in Wyncote, PA

With a cost of living index of 113, Wyncote, PA is somewhat more expensive than average. Living here is 13% more expensive than the national average and 30% above the Pennsylvania state average of 83. Wyncote is a small community of 3,358 residents.

Housing costs are the biggest factor in Wyncote's cost of living. The median monthly rent is $1,391 (5% above the US median of $1,319), and the median home value sits at $429,000 (41% above the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Wyncote is $144,281, which is 92% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Wyncote. The area sees an average annual temperature of 56.4°F, with summers averaging 76°F and winters around 37°F. Annual rainfall totals 45 inches spread over roughly 130 days.

Everyday prices in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (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.