Cost of Living in State college, PA
Housing
The housing market plays a significant role in determining the cost of living in State college, PA.
- Housing Index: 100.9 / 100
- Median Home Price is: $323,000
- Average Rent (2 BR Apartment): $1611 per month
- Average Rent (2 BR House): $1751 per month
When considering a move to State college, PA, it’s essential to examine the housing index at 100.9, which reflects a higher cost of living compared to the national average. The median home price stands at 323000, suggesting a reasonable entry point for homebuyers. Meanwhile, average rents for a 2-bedroom apartment are roughly 1611, while a house commands about 1751. For potential residents, this information hints at a vibrant housing market, though it is below the higher localized price trends worsening the affordability issue in many U.S. cities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in State college, 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 State college, 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 State college is a financially viable option for your relocation.