Housing costs in Prospect Park?
A typical home costs
$235,700, which is 30.3% less expensive than the national average of
$338,100 and 2.9% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Prospect Park costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 4.7% more than the state average of
$1,210.
Can I afford Prospect Park?
To live comfortably in Prospect Park, Pennsylvania, a minimum annual income of
$45,000 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Prospect Park?
The cost of living in Prospect Park borough, PA is relatively high compared to nearby areas. The median home price in the borough is about $120,000, making it one of the most expensive areas to buy a property. Renting is also more expensive than in neighboring counties, with average rent for a two-bedroom apartment costing around $1,600 per month. Other costs such as food and utilities tend to stay in line with surrounding counties and cities. However, due to its excellent public transportation and close proximity to Philadelphia, Prospect Park borough remains an affordable option for those looking for a convenient place to live.