Montgomery County Ranks 2nd in Pennsylvania Based on Purchasing Power

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Lansdale SEPTA Station. Montgomery County ranked near the top in Pennsylvania based on its residents’ purchasing power, according to a new study recently published by SmartAsset. Image via Montgomery County Planning Commission.

Montgomery County ranked near the top in Pennsylvania based on its residents’ purchasing power, according to a new study recently published by SmartAsset.

To find places where average living expenses are most affordable to the people who live there, SmartAsset looked at the cost of living relative to income to determine the purchasing power in each county in Pennsylvania as well as nationwide.

With a median income of $84,791 and a cost of living at $47,556, Montgomery County came second in Pennsylvania based on purchasing power. Its purchasing power index of 69.83 put the county among the top 100 nationwide in eighty-fifth place.

The county has been the place with the second-highest purchase power in the Keystone State for at least the last six years, according to SmartAsset.

Montgomery County is also second based on median income, which is significantly higher than the state average of $56,951.

However, the county ranked at No. 66 based on the cost of living, making it the county with the second-highest cost of living statewide, behind only Chester County.  The average cost of living in Pennsylvania is $35,733.

See the entire ranking at SmartAsset by clicking here.

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