Housing costs in Bear Lake?
A typical home costs
$126,200, which is 62.7% less expensive than the national average of
$338,100 and 48.0% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Bear Lake costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,210.
Can I afford Bear Lake?
To live comfortably in Bear Lake (zip 16402), Pennsylvania, a minimum annual income of
$24,120 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Bear Lake?
The cost of living in 16402 Bear Lake, PA is relatively affordable. While the median home value is slightly higher than the national average at around $154,000, most other costs such as food and transportation are on par with the rest of Pennsylvania. The average cost of living index for Bear Lake is 96.5, which is below the national average of 100 and lower than most other cities in the state. This makes it a great place to live for those looking for an affordable lifestyle without sacrificing quality or amenities. Furthermore, property taxes are quite low compared to other areas, making it even more attractive for prospective homeowners.