States › Pennsylvania › Economy

Is Economy, PA expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,11337% lower than U.S. average
💵 Families earn per year (2026)$102,795about $8,566/month · 18% higher than U.S. average
🔑 House price$250,80025% lower than U.S. average

Rent is lower than in 81% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (94.4%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $44,520 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other Pennsylvania cities?

Yes. Rent here is cheaper than in most of Pennsylvania. It is number 80 of 269 cities from cheapest to most expensive.

Economy
$1,113
Millersville
$1,376
Sanatoga
$1,773
Village Green-Green Ridge
$1,496
Aliquippa
$1,191
Harleysville
$2,334
Collingdale
$1,289

How much do households earn in Economy?

Under $25k
6.5%
$25k–50k
16.4%
$50k–100k
40.3%
$100k–150k
21.5%
$150k+
13.6%

Share of households by yearly income. 35.0% of households earn $100,000 or more.

Rent by apartment size in Economy

SizeEconomyU.S. average
2 bedrooms$643$1,509
3 bedrooms$1,323$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Economy 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 Economy, so the Pennsylvania figure is shown.

Taxes and bills in Economy

🏛️ Property tax$3,766a year · 1.50% of home value · U.S. $3,119
⚡ Electric bill$157a month (typical) · U.S. $156

Life in Economy

Commute to work29.2 minU.S.: 26.4 min
College degree37%U.S.: 35.7%
Own their home94.4%U.S.: 65.2%
Below poverty line6.5%U.S.: 12.5%
Unemployment3.3%U.S.: 5.2%

Is it cheaper to rent or buy in Economy?

Renting is cheaper right now: about $627 a month less.

Renting
$1,113
Owning
$1,740

Owning assumes a typical $250,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,080 for the down payment.

Frequently asked questions

What is the average rent in Economy, PA?

Renting in Economy costs a median of about $1,113 a month in 2026, including utilities. The Pennsylvania median is $1,367.

How much do I need to make to live in Economy?

To keep rent under 30% of income, you need about $44,520 a year, or $21 an hour at a full-time job.

Is Economy cheap or expensive?

Economy is rated Cheap: rent takes 13.0% of the typical household income of $102,795. It ranks 80th cheapest of 269 Pennsylvania cities we track.

How much are property taxes in Economy?

The median homeowner in Economy pays $3,766 a year in property taxes, about 1.50% of the median home value.

Is Economy 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 Economy?

The median home value in Economy is $250,800, about 2.4 times the typical yearly household income.

9,005 people live in Economy. Numbers are typical (middle) values.