B-
3%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
3%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Drexel Hill Pennsylvania National
Cost of living10398100
Goods & Services10399100
Groceries10299100
Health care9494100
Housing10391100
Transportation107106100
Utilities110107100

An Overview of Cost of Living in Drexel Hill, PA

The cost of living in Drexel Hill affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Drexel Hill is 103, which is 3% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Drexel Hill are priced in a manner consistent with other areas. This means that residents of Drexel Hill can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Drexel Hill Affordable?

Wondering if Drexel Hill is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Drexel Hill, for example, the median home price is 2.6% lower than what folks pay nationally, and monthly rent is 14.9% higher than the usual rates. Plus, income levels matter too, with Drexel Hill boasting a median household income of $72,645, which is 31.3% higher than the national average.

What Factors can Influence the Cost of Living in Drexel Hill?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Drexel Hill, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 3.07%.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Drexel Hill, healthcare costs are 6.5% lower than the national average.

Where is the Data From?

The Drexel Hill cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Drexel Hill is 6% higher than the Pennsylvania average
  • The cost of living in Drexel Hill is 3% higher than the national average
  • Drexel Hill housing is 3% higher than the national average
  • Pennsylvania general sales tax is 18% higher than the national average
  • Pennsylvania state income tax is 18% higher than the national average

Most Affordable Places to Live in and Around Drexel Hill

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Compare Drexel Hill, PA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$97,981$8,165$2,286$2,940
      Renters$47,250$3,938$1,102$1,418
      A good indicator of the general affordability of housing in Drexel Hill, PA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Drexel Hill, the median monthly income is $97,981 for those who own their own homes. Under the standard rule, that income level would allow for $2,286 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $47,250, per the median income in the area. That would allow for renters to spend up to $1,102 on monthly rental expenses.

      Pennsylvania Sales Tax

      State General Sales Tax With Max Surtax
      Pennsylvania 6% 8%

      Pennsylvania Income Tax

      State Income Tax (Low) Income Tax (High)
      Pennsylvania 3.07% 3.07%

      Goods & Services

      Item Drexel Hill National avg. Difference
      Haircut $23.54$24.263.0%
      Beauty Salon $66.27$45.5645.4%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.52$1.2818.4%
      Movie $13.75$12.1313.3%
      Bowling $19.47$18.008.1%

      Groceries

      Item Drexel Hill National avg. Difference
      Ground Beef $5.76$5.841.3%
      Fried Chicken $1.46$1.577.4%
      Milk $4.67$4.670.0%
      Potatoes $5.37$4.938.8%
      Pizza $11.73$12.092.9%
      Beer $11.99$10.4115.2%

      Health Care

      Item Drexel Hill National avg. Difference
      Optometrist $123.50$125.681.7%
      Doctor $132.56$135.782.4%
      Dentist $103.31$113.298.8%
      Ibuprofen $11.22$10.655.3%
      Lipitor $398.10$468.6015.0%

      Housing

      Item Drexel Hill National avg. Difference
      Home Price $179,900.00$184,700.002.6%
      Avg. Mortgage Payment $2,169.88$2,346.697.5%
      Apartment Rent $1,090.00$949.0014.9%

      Transportation

      Item Drexel Hill National avg. Difference
      Gasoline $3.53$3.462.0%
      Tire Balancing $70.89$59.9218.3%

      Utilities

      Item Drexel Hill National avg. Difference
      All Electricity $222.45$193.9914.7%
      Phone $198.27$192.253.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Cheyney University, PA1941044.4%
      Tavistock, NJ51043.8%
      Arcadia University, PA5951043.8%
      Prospect Park CDP, PA2248217.9%
      Audubon Park, NJ9698712.8%
      Drexel Hill, PA27,9251033.4%

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      Oakdale, MN27,9251054.6%
      Magog, QC27,928n/a 
      Jeffersontown, KY27,9331000.4%
      Winchester, VA27,91211313.0%
      Lafayette, CO27,95213838.0%
      Drexel Hill, PA27,9251033.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.