Lakemont, PA Cost of Living


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Lakemont cost of living score
77.2
Less expensive
22.8% lower
than the US average
18.4% lower
than the Pennsylvania average
Lakemont, Pennsylvania gets a BestPlaces Cost of Living score of 77.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.8% lower than the U.S. average and 18.4% higher than the average for Pennsylvania.

Lakemont, PA

Housing costs in Lakemont?
A typical home costs $123,800, which is 63.4% less expensive than the national average of $338,100 and 49.0% less expensive than the average Pennsylvania home, at $242,800. Renting a two-bedroom unit in Lakemont costs $950 per month, which is 33.6% cheaper than the national average of $1,430 and 27.4% cheaper than the state average of $1,210.

Can I afford Lakemont?
To live comfortably in Lakemont, Pennsylvania, a minimum annual income of $23,760 for a family, and $31,200 for a single person is recommended.

What does A.I. say about Lakemont?
The cost of living in Lakemont, PA is quite affordable. The median home value is $167,500 which is well below the national average of $176,700. Additionally, the median household income in Lakemont is $56,316 which is just above the national average of $55,322. This means that families can enjoy a comfortable lifestyle while still saving money for future investments and expenses. Utilities are also relatively inexpensive with an average monthly electricity bill of only $101. Transportation costs remain low due to the convenient access to I-99 and a number of public transportation options including bus lines and taxis. All in all, Lakemont is an excellent place to call home without breaking the bank!
   Cost of living score
     CategoriesLakemontPennsylvaniaUnited States
  77.294.6100.0
  97.9100.3100
  88.1101.1100.0
  36.680.5100.0
  $123,800$242,800$338,100
  96.9%98.2%100.0%
  85.2104.0100.0
  94.7101.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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