Montco Is Home to 23 Least Budget-Friendly Communities in the State, Including Number One

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Seattle fintech software company doxo examined household budgets nationally and statewide, revealing notable data for Montgomery County communities.

A Seattle software company’s national and statewide analyses of household expenses reveals Montgomery County communities in which monthly bill paying takes the least — and largest — bites.

The study by fintech firm doxo shows that nationwide, the monthly outlay for bills is $2,003, which goes to the following:

  • Mortgage
  • Rent
  • Auto loans
  • Utilities
  • Auto Insurance
  • Cable, internet, and phone
  • Health insurance
  • Mobile phone charges
  • Alarms and security expense
  • Life insurance

Pa. residents fare relatively well in comparison to the rest of the nation. Its average monthly hit is $1,851.

Drilling down further, however, reveals some pain points.

Wynnewood, for example, is Pa.’s first-ranked position for costs.

Its residents shell out an average of $2,868 per month to stay current with creditors, 55 percent higher than the rest of the state and 43.2 percent higher than other communities across the U.S.

Bryn Mawr residents are also big-time payors, earning the No. 3 with a $2,841 monthly financial hit, 41.9 percent higher than the national average.

Plymouth Meeting just barely escaped the top ten. Its No. 11 ranking nationally reflects a 33.1 percent larger wallet required to stay flush every 30 days.

The full list Montgomery County communities and their doxo rankings for household expenses is as follows:

CommunityAverage Bill Cost ($)Percentage over National AverageNational Rank (of 4,276)State Rank (of 215)
Ambler2,48023.892019
Blue Bell2,46923.393220
Bryn Mawr2,84141.94073
Collegeville2,84442.040636
Conshohocken2,25912.81,32750
Elkins Park2,26913.31,29849
Glenside2,46122.994321
Harleysville2,46122.91,10233
Hatfield2,04902.31,85970
Horsham2,30915.31,22342
Huntingdon Valley2,42321.01,51260
Jenkintown2,35217.41,14936
King of Prussia2,34116.91,17139
Norristown2,43321.599325
North Wales2,1789.21,51260
Plymouth Meeting2,66633.161278
Pottstown2.31015.31,22141
Royersford2,37218.41,11435
Schwenksville2,28514.11,27146
Souderton2,00632.01,98178
Telford2,0120.51,96176
Willow Grove2,21510.61,43758
Wynnewood2,86843.23881

More on communities and their outlays for household expenses is at doxo.

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