Housing costs in Folsom?
A typical home costs
$268,700, which is 20.5% less expensive than the national average of
$338,100 and 10.7% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Folsom costs
$1,580 per month, which is 10.5% more than the national average of
$1,430 and 23.4% more than the state average of
$1,210.
Can I afford Folsom?
To live comfortably in Folsom, Pennsylvania, a minimum annual income of
$51,480 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Folsom?
The cost of living in Folsom, PA is quite reasonable compared to the rest of the country. The median home price is around $166,000 and the median rental rate is $1,106 for a one bedroom apartment. The overall cost of living index for Folsom is nearly 20% lower than the national average. In addition to having a relatively low cost of living, residents are able to take advantage of a number of tax incentives and savings, including reduced property taxes and income taxes. These factors combined make Folsom an affordable place to live in the Greater Philadelphia area.