Cost of Living in Erie, PA
Housing
The housing market plays a significant role in determining the cost of living in Erie, PA.
- Housing Index: 100.9 / 100
- Median Home Price is: $152,500
- Average Rent (2 BR Apartment): $1511 per month
- Average Rent (2 BR House): $1642 per month
Considering a move to Erie, PA? With a housing index of 100.9, the affordability is attractive, especially If you’re looking for rental options. The average rent for a 2-bedroom apartment stands at 1511, while a 2-bedroom house rental costs around 1642. For buyers, the median home price is fairly low at 152500, making it a great opportunity for first-time homebuyers. Additionally, the cost of living may be less than the national average, making it an appealing choice for both renters and home buyers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Erie, PA.
- Electricity Price: $17.68 USD (median by state)
- Natural Gas Price: $17.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $241 per month
Living in Erie, PA could entail higher utility costs. Electricity costs sit at $17.68, while natural gas is priced at $17.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $241 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Erie is a financially viable option for your relocation.