Housing costs in Elk township (Chester County)?
A typical home costs
$447,700, which is 32.4% more expensive than the national average of
$338,100 and 84.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Elk township (Chester County) costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 4.7% more than the state average of
$1,210.
Can I afford Elk township (Chester County)?
To live comfortably in Elk township (Chester County), Pennsylvania, a minimum annual income of
$85,680 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Elk township (Chester County)?
The cost of living in Elk Township (Chester County), PA is generally considered to be on the higher side when compared to other parts of the country. Due to its close proximity to both Philadelphia and Lancaster, real estate prices are higher than average and housing costs can range from moderately priced single family homes to luxury mansion estates. The cost of food, transportation, healthcare, and entertainment are also typically more expensive than what one might find in other areas. While this may put a strain on one's budget, many consider it a worthwhile tradeoff for the good schools, safety, and access to major cities that Elk Township has to offer.