Financial Profile: Pennsylvania
Financial landscape, tax rates, cost of living, and median income scoring for Pennsylvania residents.
Pennsylvania at a Glance
Avg Salary
$60,000
Cost of Living
101
Top Tax Rate
3.1%
Adjusted Income
$59,405
Monthly Take-Home
$4,029
Max Rent (30%)
$1,500
Financial Genome at Median Income
Scores calculated for someone earning $60,000/yr in Pennsylvania with typical expenses.
PPI
53
C+
FPI
25
F
LRS
56
C+
REW
30
D
Living in Pennsylvania: Financial Overview
Pennsylvania has a flat 3.07% state tax. Philadelphia and Pittsburgh have local income taxes.
- Low flat state tax
- Philadelphia adds ~4%
- Affordable outside major cities
Major Cities
Philadelphia, Pittsburgh, Allentown, Reading
With a cost of living index of 101 (above the national average of 100), expenses are higher in Pennsylvania. A $60,000 salary here has the purchasing power equivalent of only $59,405 in an average-cost area.
Get Your Pennsylvania Score
See your personalized Financial Genome scores based on your actual income and expenses in Pennsylvania.
Calculate My Score