States › Pennsylvania › Chestnut Hill

Is Chestnut Hill, PA expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,07018% higher than U.S. average
💵 Families earn per year (2026)$133,830about $11,153/month · 54% higher than U.S. average
🔑 House price$375,00013% higher than U.S. average

Rent is higher than in 72% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (87.7%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $82,800 a year. That is $40 an hour at a full-time job.

Is rent cheaper than other Pennsylvania cities?

No. Rent here is more expensive than in most of Pennsylvania. It is number 238 of 269 cities from cheapest to most expensive.

Chestnut Hill
$2,070
Wescosville
$1,768
Souderton
$1,431
Richboro
$2,234
Elkins Park
$1,911
Linglestown
$1,785
Glenolden
$1,309

How much do households earn in Chestnut Hill?

Under $25k
2.4%
$25k–50k
15.0%
$50k–100k
31.6%
$100k–150k
27.1%
$150k+
23.1%

Share of households by yearly income. 50.3% of households earn $100,000 or more.

How expensive is Chestnut Hill overall?

Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).

Housing
85
Goods (food, clothes…)
99
Utilities
109
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Chestnut Hill, so the Pennsylvania figure is shown.

Taxes and bills in Chestnut Hill

🏛️ Property tax$6,833a year · 1.82% of home value · U.S. $3,119
⚡ Electric bill$156a month (typical) · U.S. $156

Life in Chestnut Hill

Commute to work29.4 minU.S.: 26.4 min
College degree51.5%U.S.: 35.7%
Own their home87.7%U.S.: 65.2%
Below poverty line6.5%U.S.: 12.5%
Unemployment4.8%U.S.: 5.2%

Is it cheaper to rent or buy in Chestnut Hill?

Renting is cheaper right now: about $532 a month less.

Renting
$2,070
Owning
$2,602

Owning assumes a typical $375,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,500 for the down payment.

Frequently asked questions

What is the average rent in Chestnut Hill, PA?

Renting in Chestnut Hill costs a median of about $2,070 a month in 2026, including utilities. The Pennsylvania median is $1,367.

How much do I need to make to live in Chestnut Hill?

To keep rent under 30% of income, you need about $82,800 a year, or $40 an hour at a full-time job.

Is Chestnut Hill cheap or expensive?

Chestnut Hill is rated Cheap: rent takes 18.6% of the typical household income of $133,830. It ranks 238th cheapest of 269 Pennsylvania cities we track.

How much are property taxes in Chestnut Hill?

The median homeowner in Chestnut Hill pays $6,833 a year in property taxes, about 1.82% of the median home value.

Is Chestnut Hill more expensive than the national average?

Overall prices in Pennsylvania are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Chestnut Hill?

The median home value in Chestnut Hill is $375,000, about 2.8 times the typical yearly household income.

7,086 people live in Chestnut Hill. Numbers are typical (middle) values.