Cost Of Living in Kennett Square, PA

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D+

13%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

33%

Housing NAT. AVG.

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	Kennett Square	Pennsylvania	National
Cost of living	113	98	100
Goods & Services	106	99	100
Groceries	106	99	100
Health care	107	94	100
Housing	133	91	100
Transportation	108	106	100
Utilities	92	107	100

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Cost Of Living Quick Facts

The cost of living in Kennett Square is 15% higher than the Pennsylvania average
The cost of living in Kennett Square is 13% higher than the national average
Kennett Square housing is 33% 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

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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	$94,976	$7,915	$2,216	$2,850
Renters	$45,060	$3,755	$1,051	$1,352

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Kennett Square, PA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Kennett Square homeowners, is $94,976. This would allow for a maximum of $2,216 per month to be spent on housing costs. For renters, the median monthly income is $45,060 which would result in a maximum of $1,051 to be spent on rental costs.

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	Kennett Square	National avg.	Difference
Haircut	$30.14	$24.26	24.2%
Beauty Salon	$47.42	$45.56	4.1%
Toothpaste	$3.61	$3.70	2.4%
Shampoo	$1.41	$1.28	10.4%
Movie	$12.71	$12.13	4.7%
Bowling	$19.50	$18.00	8.3%

Groceries

Item	Kennett Square	National avg.	Difference
Ground Beef	$5.73	$5.84	1.9%
Fried Chicken	$1.52	$1.57	3.6%
Milk	$4.81	$4.67	3.0%
Potatoes	$5.40	$4.93	9.5%
Pizza	$11.33	$12.09	6.2%
Beer	$11.96	$10.41	14.8%

Health Care

Item	Kennett Square	National avg.	Difference
Optometrist	$113.67	$125.68	9.6%
Doctor	$149.53	$135.78	10.1%
Dentist	$132.28	$113.29	16.8%
Ibuprofen	$10.94	$10.65	2.7%
Lipitor	$438.67	$468.60	6.4%

Housing

Item	Kennett Square	National avg.	Difference
Home Price	$266,100.00	$184,700.00	44.1%
Avg. Mortgage Payment	$2,192.51	$2,346.69	6.6%
Apartment Rent	$1,031.00	$949.00	8.6%

Transportation

Item	Kennett Square	National avg.	Difference
Gasoline	$3.50	$3.46	1.0%
Tire Balancing	$74.86	$59.92	24.9%

Utilities

Item	Kennett Square	National avg.	Difference
All Electricity	$173.73	$193.99	10.4%
Phone	$182.79	$192.25	4.9%

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.
Lincoln University, PA	1,843	104	4.4%
Cheyney University, PA	194	104	4.4%
Westwood, PA	1,609	89	11.4%
Penns Grove, NJ	4,793	98	2.4%
Carneys Point, NJ	7,302	99	1.3%
Kennett Square, PA	6,182	113	13.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pictou, Subd. A, NS	6,181	n/a
Mont Belvieu, TX	6,180	113	12.9%
West St. Paul, MB	6,185	n/a
New Whiteland, IN	6,178	89	11.1%
Saint-Honoré, QC	6,178	n/a
Kennett Square, PA	6,182	113	13.1%