Best Affordable Places to Live in Pennsylvania in 2024

Best Places to Live in Pennsylvania

Wondering where you can get the most of what the Keystone State has to offer, but at an affordable cost? Whether you hope to settle in a big city, a suburb, a farm town, or a college town, you should be able to find something that fits your needs. Here are some of the best places to live in Pennsylvania.

💡 Quick Tip: With SoFi, it takes just minutes to view your rate for a home loan online.

Best Affordable Places to Live in Pennsylvania

While the cost of living in Pennsylvania is about average compared to the entire U.S., housing costs are lower. On the whole, Pennsylvania has a lot to offer those who are thinking about moving there. Here are some of the best affordable places to live in Pennsylvania.

1. Harrisburg

Photo credit: iStock/Ultima_Gaina

The state capital, Harrisburg offers plenty to do no matter what you’re into. It’s a short drive to several popular tourist attractions, including Amish country, Gettysburg, and Hersheypark. Or you can stay in the city and enjoy local concerts, art exhibitions, restaurants, the theater, and more.

Population: 50,183

Median Household Income: $44,444

Cost of Living: 102.9% of U.S. average

Median Rent Price: $1,252

Home Price-to-Income Ratio: 5.28

Average Property Tax: 1.54% of home value

Housing Affordability: Though the overall cost of living in Harrisburg is a little higher than the cost of living in the U.S., the city’s home and rent prices are relatively manageable. The home price-to-income ratio is high, however, so frugal house hunters may have to search a bit to find something in their target range.

2. Lancaster

Photo credit: iStock/DenisTangneyJr

Not sure what type of home you’re looking for? In Lancaster you can shop for a place with some land, in the suburbs, or in the city. You can find something to do no matter the season, including hiking, fishing, snow sports, and monthly arts and music festivals. And the cost of living in Lancaster is lower than the national average.

Population: 57,543

Median Household Income: $54,145

Cost of Living: 91.3% of U.S. average

Median Rent Price: $1,450

Home Price-to-Income Ratio: 2.08

Average Property Tax: 1.43% of home value

Housing Affordability: Home prices in Lancaster have risen sharply in recent years, although some neighborhoods are less expensive than others. And for newbie buyers, there are first-time homebuyer programs in Pennsylvania that may help with a down payment and/or closing costs. Rental prices remain reasonable, but prices are up year-over-year, and the current rental market is warm.

3. York

Photo credit: iStock/ChrisBoswell

If you like a place with history, including Colonial-era homes and buildings, you’ll definitely want to check out all that York has to offer. You’ll also find plenty of modern-day features, including trendy shops, modern apartments, and a thriving arts scene.

Population: 44,845

Median Household Income: $39,764

Cost of Living: 91.5 of U.S. average

Median Rent Price: $1,150

Home Price-to-Income Ratio: 6.19

Average Property Tax: $1.52% of home value

Housing Affordability: York home prices have gone up steadily in recent years, but prices are still lower here than in many other areas of the state. If you’re a renter, you may be in luck: The rental market in York is cooling, and year-over-year prices have dropped.

4. Scranton

Photo credit: iStock/Alex Potemkin

If you’re looking for a bigger city with a small-town feel, Scranton might be a good bet. There’s a sense of neighborhood here, along with a dynamic downtown. And the cost of living is lower than many other cities in the Northeast, so you may be able to get more house for your money.

Population: 75,848

Median Household Income: $44,161

Cost of Living: 92.9% of U.S. average

Median Rent Price: $1,200

Home Price-to-Income Ratio: 3.56

Average Property Tax: 1.43% of home value

Housing Affordability: Though prices in Scranton are up and homes are moving quickly, bargain hunters should still be able to find an affordable home. Rental prices are down year-over-year, but the rental market is warm.

5. Pittsburgh

Photo credit: iStock/pawel.gaul

If you’re a sports fan, you already know Pittsburgh has pro baseball, football, hockey, and soccer teams, plus college sports. But this energetic city also offers festivals, concerts, museums, and a dynamic dining scene. And there are plenty of green spaces and parks to be active.

Population: 302,898

Median Household Income: $54,306

Cost of Living: 100.4% of U.S. average

Median Rent Price: $1,416

Home Price-to-Income Ratio: 8.36

Average Property Tax: 2.22% of home value

Housing Affordability: The price you pay for a home in Pittsburgh could vary significantly depending on what area of the city you choose. Home prices are down a bit year over year, but rental prices are up, and the rental market is warm.

Recommended: Mortgage Prequalification vs Preapproval

Best Places to Live in Pennsylvania for Families

Families will find a lot to like in the Keystone State, including family-friendly activities and affordable prices.

Here are some of the best places to live in Pennsylvania for families.

1. Chesterbrook

Photo credit: Flickr/Harvey Barrison , Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic

This small town has a lot of the features families are looking for, including good health care. Families here also appreciate the area’s good schools. If you’re on the hunt for a Philadelphia suburb, you might want to put this one on your shopping list.

Population: 5,610

Median Household Income: $126,687

Median Rent Price: $2,800

Home Price-to-Income Ratio: 3.74

Average Property Tax: 1.25% of home value

Housing Affordability: Home values continue to rise in Chesterbrook, and it may be easier for frugal house hunters to shop carefully in order to qualify for a mortgage. Those hoping to rent may have to search a bit for a bargain, as the median rental price is $2,800.

2. Bethlehem

Photo credit: iStock/Alex Potemkin

Nicknamed Christmas City, Bethlehem takes holiday fun seriously, with a parade, Christmas market, and more. But the city keeps it family-friendly year-round, with Musikfest in the summer and Oktoberfest in the fall.

Population: 77,617

Median Household Income: $58,232

Median Rent Price: $1,819

Home Price-to-Income Ratio: 5.36

Average Property Tax: 1.48% to 1.5% of home value

Housing Affordability: Home prices in Bethlehem are up year over year, and properties are moving quickly. As you house shop in Bethlehem (or anyplace!), the resources in a home loan help center could be helpful in your search. Though the city’s rental prices are down year over year, the rental market remains warm. Bethlehem even offers its own homebuyer assistance program.

3. Ardmore

Photo credit: Flickr/Douglas Muth , Creative Commons Attribution-ShareAlike 2.0 Generic

This suburb of Philadelphia has plenty of indoor and outdoor places for children to play, kid-friendly restaurants, and a festival for every season and reason, including the Zucchini 500, during which youngsters can build their own race cars from fruits and veggies. There’s a vintage market for Mom and Dad, too and the town is just a short commute to Philly.

Population: 13,566

Median Household Income: $107,087

Median Rent Price: $2,006

Home Price-to-Income Ratio: 4.29

Average Property Tax: 1.29 to 1.67% of home value

Housing Affordability: Ardmore home prices continue to rise, but there are still affordable homes available. Renting could also be an option: Year-over-year prices are way down in a cooling rental market.

4. West Chester

Photo credit: Flickr/Teemu008 , Creative Commons Attribution-ShareAlike 2.0 Generic

West Chester is another Philadelphia suburb to put on your list. There are plenty of indoor and outdoor activities to keep the kids busy, and families here appreciate the town’s good schools.

Population: 19,531

Median Household Income: $65,027

Median Rent Price: $2,228

Home Price-to-Income Ratio: 9.14

Average Property Tax: 1.25% of home value

Housing Affordability: West Chester is pricey, so keep that in mind as you shop for a home. The area is highly sought-after, and home and rental prices reflect its popularity. If you decide to buy in West Chester, you may want to look into jumbo mortgage loans.

5. State College

Photo credit: iStock/benedek

Sometimes referred to as Happy Valley, State College is known for its walkability, its charming downtown, and, of course, as the home of Penn State University. Kids can enjoy activities that include an outdoor movie series and a children’s garden. Plus, the city is more affordable than many other family-friendly communities in the state.

Population: 40,745

Median Household Income: $43,015

Median Rent Price: $2,200

Home Price-to-Income Ratio: 2.31

Average Property Tax: 1.25% of home value

Housing Affordability: State College is a place where you can expect to find a wide range of home prices, including affordable options, whether you’re looking to buy or rent.

💡 Quick Tip: Lowering your monthly payments with a mortgage refinance from SoFi can help you find money to pay down other debt, build your rainy-day fund, or put more into your 401(k).

Best Places to Live in Pennsylvania for Young Adults

Young people have plenty of vibrant cities and towns to choose from across the Keystone State. Here are the best places to live in Pennsylvania for young adults.

1. Philadelphia

Photo credit: iStock/Olga Kaya

If you’re a history buff, you’ll likely be happy here. But there are also plenty of trendy, modern places for young adults to hang out, including acclaimed restaurants and fun bars. There’s also art, music, museums, and an active nightlife.

Population: 1,567,258

Median Household Income: $52,649

Median Rent Price: $1,600

Home Price-to-Income Ratio: 4.03

Average Property Tax: 0.91% of home value

Housing Affordability: After years of steadily going up, home prices in Philadelphia are down year over year. And check out the low property tax rate, Renters also may be able to find a bargain, though the rental market remains warm.

2. Reading

Photo credit: iStock/Cwieders

Reading is close to Philadelphia, and also to Amish country. It has great outdoor spaces, and also some good museums. And if you’re a sports fan, you can cheer for the Reading Fightin’ Phils (an affiliate of the Philadelphia Phillies) or the Reading Royals (an affiliate of the Philadelphia Flyers). The pace is a little slower and more relaxed here.

Population: 94,858

Median Household Income: $38,738

Median Rent Price: $1,200

Home Price-to-Income Ratio: 5.85

Average Property Tax: 1.77% of home value

Housing Affordability: Reading home and rental prices are up year over year, but both remain affordable. Going through the mortgage preapproval process could help give buyers a leg up if and when they decide to put an offer on a home.

3. Allentown

Photo credit: iStock/Alex Potemkin

With an eclectic mix of historic homes and old buildings converted into modern living spaces, Allentown has a little something for almost everyone. There’s a theater district, an ArtsWalk, and a bustling business district.

Population: 125,094

Median Household Income: $47,703

Median Rent Price: $1,500

Home Price-to-Income Ratio: 5.61

Average Property Tax: 1.48% of home value

Housing Affordability: You can find homes and rentals in Allentown in a wide range of prices. Prospective buyers can look into different types of mortgage loans to see the various options they have.

4. King of Prussia

Photo credit: Flickr/ajay_suresh , Creative Commons Attribution 2.0 Generic

King of Prussia is a suburb of Philadelphia with perks young adults may appreciate, including a giant mall, a new town center with restaurants and shops, a nearby casino, and a reasonable commute to work. The downside? It can be a little pricey. And that can be a challenge, especially if you’re a first-time homebuyer.

Population: 24,695

Median Household Income: $98,517

Median Rent Price: $2,243

Home Price-to-Income Ratio: 4.64

Average Property Tax: 1.29% of home value

Housing Affordability: You may have to look pretty hard for a starter home (or even a low-cost rental) in King of Prussia. But if you’re in the market for a forever home, it could be a good place to keep in mind.

5. Altoona

Photo credit: Flickr/Joseph , Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic

Looking for an up-and-coming city? Altoona may be worth checking out for young adults searching for an affordable community where they could rent or buy. The city is home to a Pittsburgh Pirates affiliate and has its own symphony orchestra and theater, so there are some fun things to do. There are also plenty of restaurants and some breweries.

Population: 43,071

Median Household Income: $46,010

Median Rent Price: $900

Home Price-to-Income Ratio: 2.26

Average Property Tax: 1.05% of home value

Housing Affordability: While Altoona home and rental prices have been steadily increasing, they are still quite reasonable. Young adults might be able to find a bargain here.

Best Places to Live in Pennsylvania for Retirees

For those looking for a place to spend their golden years, Pennsylvania can be a fine choice. Housing is affordable and there are towns with plenty of activities and opportunities to meet people. Here are some of the best places to live in Pennsylvania for retirees.

1. Penn Wynne

Housing Affordability: Though the home price-to-income ratio is lower for Penn Wynne than many areas, rent and home prices can be quite high. Retirees looking for something more affordable might want to check out the options in nearby towns.

2. Erie

Photo credit: iStock/Sean Pavone

If you dream of retiring somewhere with great scenery and a water view, and you don’t mind a few months of frigid temps, Erie could be worth considering. True to its name, the city sits on the south shore of Lake Erie, which means it’s beautiful, breezy, and in the winter, sometimes very, very cold.

Population: 93,511

Median Household Income: 40,201

Median Rent Price: $950

Home Price-to-Income Ratio: 1.47

Average Property Tax: 1.83% of home value

Housing Affordability: Though both home and rental prices are up year over year in Erie, they’re still quite reasonable, especially for a city that has a lot to offer.

3. Hershey

Photo credit: Flickr/Jon Dawson , Creative Commons Attribution-NoDerivs 2.0 Generic

You may think of Hershey as strictly a tourist town, but there’s more to it than the smell of chocolate in the air. Hershey is known for good medical care and its carefully-planned (by Milton Hershey himself) small-town charm. Plus, with Hersheypark right there, you’ve got a built-in place to take the grandkids!

Population: 13,858

Median Household Income: $69,626

Median Rent Price: $1,783

Home Price-to-Income Ratio: 5.20

Average Property Tax: 1.54% of home value

Housing Affordability: While home prices in Hershey continue to go up, the rental market is cooling. Affordable houses can still sometimes be found, but retirees on a budget may find it challenging to get a home at a lower price point.

4. Media

Housing Affordability: Home and rent prices can be higher in Media than some other areas of Pennsylvania. But the rental market appears to be cooling, and some Media neighborhoods are less expensive than others.

5. Bridgeville

Housing Affordability: Bridgeville housing prices have moved up steadily, but they haven’t changed much over the past year. And year-over-year rental prices have dropped in what appears to be a cooling rental market.

Recommended: Best States to Retire in for Tax Purposes

Best Places to Live in Pennsylvania Near the Water

Looking for a house by a lake or river? Check out these places in Pennsylvania to make a splash.

1. Jim Thorpe

Photo credit: iStock/Alex Potemkin

Water lovers will find plenty to like in the tiny town of Jim Thorpe on the Lehigh River in the picturesque Pocono Mountains. You can go cycling, trail running, or white-water rafting. Or you can simply enjoy the breathtaking views.

Population: 4,546

Median Household Income: $54,633

Median Rent Price: $995

Home Price-to-Income Ratio: 4.74

Average Property Tax: 1.56% of home value

Housing Affordability: Renters may find more bargains in Jim Thorpe than buyers right now, but home prices in the town are still manageable.

2. Wellsboro

Photo credit: iStock/aimintang

Scenic Wellsboro attracts both cyclists and white-water rafters to the 47-mile Pine Creek Gorge, known as the “Grand Canyon of Pennsylvania.” You won’t have to venture far to find other activities to keep you busy, though: The town hosts the Endless Mountain Music Festival every year, and it’s home to a 1920s Art Deco style theater as well as other cultural centers.

Population: 3,440

Median Household Income: $51,099

Median Rent Price: $960

Home Price-to-Income Ratio: 4.44

Average Property Tax: 1.52% of home value

Housing Affordability: Home prices are up year over year in Wellsboro, but the area is quite affordable overall for buyers and renters.

3. Warren

Photo credit: iStock/Althom

Be sure to bring your bike, kayak, and hiking boots if you plan to move to Warren. You’ll want to take full advantage of its proximity to the Allegheny River and Allegheny National Forest and all it has to offer. Once you dry off, you can enjoy the local brewery, theater, and antique stores.

Population: 9,187

Median Household Income: $46,053

Median Rent Price: $1,050

Home Price-to-Income Ratio: 3.25

Average Property Tax: 1.69% of home value

Housing Affordability: Rental prices in Warren tend to fluctuate, but the market is currently cooling. Housing here can be affordable, whether you’re renting or buying.

4. Fairview

Located on the shores of Lake Erie, Fairview is a lovely small town filled with charming shops. It’s a haven for sports fishermen and a popular vacation spot. You may be able to find a home on or near the lake where you can take in the glorious views. And there’s lots of hiking, biking, and watersports to enjoy, too.

Population: 11,187

Median Household Income: $94,009

Median Rent Price: N/A

Home Price-to-Income Ratio: 4.4

Average Property Tax: 1.83% of home value

Housing Affordability: There are some higher home prices in Fairview, but don’t let that dissuade you. There are also bargains to be had in this lovely location.

5. Oil City

Photo credit: Flickr/Joseph , Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic

Situated in the northwestern part of the state on the Allegheny River, Oil City offers picturesque water views and a variety of activities for residents. The thriving business district includes a farmers market and shops and galleries, and the city hosts concerts and festivals year-round.

Population: 9,459

Median Household Income: $44,272

Median Rent Price: $995

Home Price-to-Income Ratio: 1.75

Average Property Tax: 1.67% of home value

Housing Affordability: Home prices are up year over year in Oil City, but this town can be extremely affordable. There are housing and rental bargains to be had here.

---

The Takeaway

If you like the idea of living in the Northeast, Pennsylvania could make a great home base for you. Whether you’re looking for a family-friendly town, a vibrant big city, or a mid-sized community near the water, you’ll find that Pennsylvania has plenty of places to suit your lifestyle. Home prices can vary significantly, but there are many affordable towns to choose from.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

View your rate

Browse Other States

Best Affordable Places to Live in the U.S.

Best Affordable Places to Live in Texas

Best Affordable Places to Live in Utah

FAQ

Where is the best and cheapest place to live in Pennsylvania?

Many areas in Pennsylvania offer very affordable home and rent prices. Lancaster, York, and Pittsburgh are among the cities that have the lowest cost of living.

Where is the best place to live near Pennsylvania?

Everybody has their own idea of what makes a place “best,” but Binghamton, N.Y., which is just north of the Pennsylvania state line, can be a good place to live if you want to live near Pennsylvania.

What city in Pennsylvania has the lowest property taxes?

Bedford County in the western part of the state has the lowest property taxes in Pennsylvania at .87%. Overall, Pennsylvania’s property tax rates are higher than national averages and can range from 0.87% to 2.45%.

---

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
SOHL0823030