Richboro, PA Cost Of Living
Cost Of Living In Richboro, PA Summary
Cost of living in Richboro 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 Richboro 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 Richboro is 149, with 100 being the average.
The cost of living index in Richboro is 1.5x higher than the national average.
Richboro ranks as the #246 cheapest in Pennsylvania out of 247.
Richboro ranks as the #5,822 cheapest out of 6,412 in the US.
The median home value in Richboro is $437,200.
The median income in Richboro is $135,791.
Table Of Contents
Richboro's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Richboro, PA?
According to the most recent data on the cost of living, Richboro has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.
Compared to Pennsylvania, Richboro has a cost of living index that's 1.5x higher than Pennsylvania's index of 97.
The standard of living in Richboro ranks as #246 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Richboro ranks as the #1 most expensive place in the Keystone State.
For more reading on life in Richboro, check out:
- Living In Richboro
- Search Homes For Sale In Richboro, PA
In Pennsylvania
In America
Richboro Cost Of Living Vs. Pennsylvania
Six factors go into calculating the cost of living index in Richboro. Here is how it fairs on each of the criteria:
The Services index in Richboro is 107.
The Groceries index in Richboro is 119.
The Health index in Richboro is 99.
The Housing index in Richboro is 234.
The Transportation index in Richboro is 113.
The Utilities index in Richboro is 113.
| Living Expense | Richboro | Pennsylvania | National Average | |
|---|---|---|---|---|
| Overall | 149 | 97 | 100 | |
| Services | 107 | 99 | 100 | |
| Groceries | 119 | 101 | 100 | |
| Health | 99 | 97 | 100 | |
| Housing | 234 | 85 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 113 | 106 | 100 | |
Richboro, PA Housing Cost Breakdown
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 Richboro is $437,200.
The Median Rent in Richboro is $1,600.
The Median Income in Richboro is $135,791.
The Home Value To Income in Richboro is 3.2x.
The Rent To Monthly Income in Richboro is 0.14x.
| Statistic | Richboro | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $437,200 | $197,300 | $244,900 |
| Median Rent | $1,600 | $1,013 | $1,163 |
| Median Income | $135,791 | $67,587 | $69,021 |
| Home Value To Income | 3.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Richboro, PA Costs By Category
Detailed Richboro Services Costs Vs. Pennsylvania
| Item | Richboro | Pennsylvania |
|---|---|---|
| Shampoo | $1.02 | $1.06 |
| Movie | $12.0 | $10.68 |
| Bowling | $18.8 | $14.67 |
| Haircut | $19.66 | $18.62 |
| Beauty Salon | $60.55 | $39.05 |
Detailed Richboro Groceries Costs Vs. Pennsylvania
| Item | Richboro | Pennsylvania |
|---|---|---|
| Ground Beef | $4.57 | $4.22 |
| Fried Chicken | $1.6 | $1.39 |
| Milk | $2.18 | $2.05 |
| Potatoes | $3.66 | $3.29 |
| Pizza | $10.67 | $10.62 |
| Beer | $8.81 | $9.38 |
| Toothpaste | $2.34 | $2.34 |
Detailed Richboro Health Costs Vs. Pennsylvania
| Item | Richboro | Pennsylvania |
|---|---|---|
| Optometrist | $108.61 | $108.57 |
| Doctor | $133.89 | $116.17 |
| Dentist | $96.86 | $99.13 |
Detailed Richboro Transportation Costs Vs. Pennsylvania
| Item | Richboro | Pennsylvania |
|---|---|---|
| Gasoline | $2.42 | $2.22 |
| Tire Balancing | $60.97 | $50.07 |
Detailed Richboro Utilities Costs Vs. Pennsylvania
| Item | Richboro | Pennsylvania |
|---|---|---|
| All Electricity | $193.98 | $167.67 |
| Phone | $192.07 | $175.64 |
Richboro SnackAbility
/10
Cost Of Living In Cities Around Richboro
The cost of living varies in the cities and towns around Richboro. Here's a quick look at the cost of living in the most populous nearby places:
Mercerville, NJ has a cost of living index of 116, 0.8x Richboro.
Montgomeryville, PA has a cost of living index of 126, 0.8x Richboro.
Hamilton Square, NJ has a cost of living index of 130, 0.9x Richboro.
| City | Population | Cost Of Living | Vs. Richboro |
|---|---|---|---|
| Mercerville, NJ | 14,234 | 116 | 0.8x |
| Montgomeryville, PA | 12,988 | 126 | 0.8x |
| Hamilton Square, NJ | 12,244 | 130 | 0.9x |
| White Horse, NJ | 9,710 | 111 | 0.7x |
| Glenside, PA | 7,411 | 117 | 0.8x |
| Maple Glen, PA | 7,255 | 137 | 0.9x |
| Blue Bell, PA | 6,421 | 139 | 0.9x |
| Yardville, NJ | 6,242 | 117 | 0.8x |
| Oreland, PA | 6,111 | 120 | 0.8x |
| Churchville, PA | 5,866 | 142 | 1.0x |
