Jenkintown, PA, features a cost of living index that generally exceeds the nationwide average, making it more expensive to live in the area. Housing costs, for example, are 25% higher than the average. In other categories, such as groceries and utilities, the cost of living is also above the national median, though not as dramatically.
Professionals moving to Jenkintown should consider these higher expenses, particularly in housing and utilities, when budgeting for their new living situation. This information helps in making informed financial decisions.
Jenkintown, PA, exhibits a higher cost of living compared to the nationwide average, which is set at 100. Housing costs stand notably above this benchmark, with an index of 125. This means that expenses related to housing are 25% higher in Jenkintown than the average U.S. city. People relocating to Jenkintown for job opportunities or lifestyle preferences need to account for these elevated housing prices when planning their budgets.
In other areas, costs remain close to or slightly above the national average. For instance, groceries have an index of 105, indicating a 5% increase over the national average. Utilities, with an index of 110, are 10% higher. Transportation costs are lower, at 95, which is 5% below the national average. Healthcare costs are on par with the national average at 100, while miscellaneous expenses have a modest increase of 2% with an index of 102. This detailed snapshot helps job seekers and potential residents better understand the economic landscape of Jenkintown.
