Cost of living in New Holland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Holland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Pennsylvania, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in New Holland is 105, with 100 being the average.
The cost of living index in New Holland is 1.1x higher than the national average.
New Holland ranks as the #179 cheapest in Pennsylvania out of 247.
New Holland ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in New Holland is $200,600.
The median income in New Holland is $62,000.
According to the most recent data on the cost of living, New Holland has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Pennsylvania, New Holland has a cost of living index that's 1.1x higher than Pennsylvania's index of 97.
The standard of living in New Holland ranks as #179 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies New Holland ranks as the #68 most expensive place in the Keystone State.
For more reading on life in New Holland, check out:
Six factors go into calculating the cost of living index in New Holland. Here is how it fairs on each of the criteria:
The Services index in New Holland is 100.
The Groceries index in New Holland is 99.
The Health index in New Holland is 96.
The Housing index in New Holland is 102.
The Transportation index in New Holland is 112.
The Utilities index in New Holland is 110.
Living Expense | New Holland | Pennsylvania | National Average | |
---|---|---|---|---|
Overall | 105 | 97 | 100 | |
Services | 100 | 99 | 100 | |
Groceries | 99 | 101 | 100 | |
Health | 96 | 97 | 100 | |
Housing | 102 | 85 | 100 | |
Transportation | 112 | 105 | 100 | |
Utilities | 110 | 106 | 100 |
Housing swings affordability the most between places in Pennsylvania, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in New Holland is $200,600.
The Median Rent in New Holland is $1,031.
The Median Income in New Holland is $62,000.
The Home Value To Income in New Holland is 3.2x.
The Rent To Monthly Income in New Holland is 0.2x.
Statistic | New Holland | Pennsylvania | United States |
---|---|---|---|
Median Home Value | $200,600 | $197,300 | $244,900 |
Median Rent | $1,031 | $1,013 | $1,163 |
Median Income | $62,000 | $67,587 | $69,021 |
Home Value To Income | 3.2x | 2.9x | 3.5x |
Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Item | New Holland | Pennsylvania |
---|---|---|
Shampoo | $1.18 | $1.06 |
Movie | $13.11 | $10.68 |
Bowling | $13.65 | $14.67 |
Haircut | $18.18 | $18.62 |
Beauty Salon | $33.13 | $39.05 |
Item | New Holland | Pennsylvania |
---|---|---|
Ground Beef | $4.21 | $4.22 |
Fried Chicken | $1.34 | $1.39 |
Milk | $2.44 | $2.05 |
Potatoes | $3.49 | $3.29 |
Pizza | $10.69 | $10.62 |
Beer | $11.96 | $9.38 |
Toothpaste | $1.84 | $2.34 |
Item | New Holland | Pennsylvania |
---|---|---|
Optometrist | $86.81 | $108.57 |
Doctor | $103.0 | $116.17 |
Dentist | $93.74 | $99.13 |
Item | New Holland | Pennsylvania |
---|---|---|
Gasoline | $2.54 | $2.22 |
Tire Balancing | $48.77 | $50.07 |
Item | New Holland | Pennsylvania |
---|---|---|
All Electricity | $191.01 | $167.67 |
Phone | $189.01 | $175.64 |
The cost of living varies in the cities and towns around New Holland. Here's a quick look at the cost of living in the most populous nearby places:
Ephrata, PA has a cost of living index of 96, 0.9x New Holland.
Coatesville, PA has a cost of living index of 101, 1.0x New Holland.
Wyomissing, PA has a cost of living index of 111, 1.1x New Holland.
City | Population | Cost Of Living | Vs. New Holland |
---|---|---|---|
Ephrata, PA | 13,767 | 96 | 0.9x |
Coatesville, PA | 13,306 | 101 | 1.0x |
Wyomissing, PA | 11,026 | 111 | 1.1x |
Lititz, PA | 9,485 | 102 | 1.0x |
Willow Street, PA | 9,338 | 113 | 1.1x |
Leola, PA | 7,721 | 103 | 1.0x |
Millersville, PA | 7,698 | 99 | 0.9x |
Shillington, PA | 5,470 | 96 | 0.9x |
Whitfield, PA | 5,275 | 105 | 1.0x |
Birdsboro, PA | 5,119 | 98 | 0.9x |