Souderton, PA, showcases a cost of living that is slightly below the nationwide average. The overall cost of living index for Souderton stands at 97, which is 3% lower than the national average of 100. This means residents can expect to spend less on most expenses, providing a slight financial advantage compared to the broader U.S. market.
Housing, utilities, and transportation costs in Souderton are notably lower, at 95, 98, and 90 respectively, contributing to this favorable index. Groceries, healthcare, and miscellaneous costs are slightly higher but remain close to the national average, averaging around 102 and 97. This balanced distribution helps maintain the overall cost of living at a competitive level.
The cost of living index in Souderton, Pennsylvania, offers several advantages for job seekers when compared to the nationwide average, which is set at 100. Housing costs in Souderton stand at 95, indicating that residents can find homes about 5% cheaper than the national average. This is a significant benefit for those looking to save on living expenses without compromising on quality of life.
In other areas such as groceries, Souderton scores 103, which means prices are 3% higher than the national average. Utilities cost 98, slightly below the average, providing minor savings for residents. Transportation costs are notably lower, at 90, which means expenses for commuting and owning a vehicle are 10% less than average. Healthcare, important for all, is priced at 97, offering nearly 3% savings. Miscellaneous expenses are at 102, slightly above the national average but not significantly so. Overall, Souderton presents a cost of living that is competitive and often favorable compared to the national figures.
