Housing costs in Elkins Park?
A typical home costs
$363,700, which is 7.6% more expensive than the national average of
$338,100 and 49.8% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Elkins Park costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 12.9% more than the state average of
$1,210.
Can I afford Elkins Park?
To live comfortably in Elkins Park (zip 19027), Pennsylvania, a minimum annual income of
$69,840 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Elkins Park?
The cost of living in 19027 Elkins Park, PA is slightly higher than the national average. According to BestPlaces, groceries and health care are about 9% higher while housing is about 10% higher than the US average. Despite this, residents still receive a high quality of life due to the area's close proximity to Philadelphia and its amenities. Rent prices have remained relatively stable in recent years, but they can vary substantially from one neighborhood to the next. In addition, taxes can be a bit on the high side compared to other states throughout the country. Overall though, 19027 Elkins Park offers an affordable and desirable place to live for anyone looking for an easier commute into downtown Philadelphia or nearby suburbs.