salaryRent is higher than in 52% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (84.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $67,960 a year. That is $33 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 201 of 269 cities from cheapest to most expensive.
How much do households earn in Folsom?
Share of households by yearly income. 44.4% of households earn $100,000 or more.
Rent by apartment size in Folsom
| Size | Folsom | U.S. average |
|---|---|---|
| 1 bedroom | $1,786 | $1,324 |
| 2 bedrooms | $1,471 | $1,509 |
| 3 bedrooms | $1,877 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Folsom overall?
Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Folsom, so the Pennsylvania figure is shown.
Taxes and bills in Folsom
Life in Folsom
Is it cheaper to rent or buy in Folsom?
Renting is cheaper right now: about $245 a month less.
Owning assumes a typical $280,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,010 for the down payment.
Frequently asked questions
What is the average rent in Folsom, PA?
Renting in Folsom costs a median of about $1,699 a month in 2026, including utilities. The Pennsylvania median is $1,367.
How much do I need to make to live in Folsom?
To keep rent under 30% of income, you need about $67,960 a year, or $33 an hour at a full-time job.
Is Folsom cheap or expensive?
Folsom is rated Cheap: rent takes 16.7% of the typical household income of $121,940. It ranks 201st cheapest of 269 Pennsylvania cities we track.
How much are property taxes in Folsom?
The median homeowner in Folsom pays $6,206 a year in property taxes, about 2.22% of the median home value.
Is Folsom 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 Folsom?
The median home value in Folsom is $280,100, about 2.3 times the typical yearly household income.
8,671 people live in Folsom. Numbers are typical (middle) values.