Cost of Living in Richboro, PA

Population 7,033 · Pennsylvania · Data vintage 2023

163
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Richboro sits on the smaller end of the Pennsylvania city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.

Geographically, Richboro sits roughly 15 miles northeast of Philadelphia. Median home values run roughly 123% higher than Philadelphia's $232,000.

Cost Overview

Housing 170
Rent 152

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Richboro

The median home value in Richboro is $519,100 — 70% above the national median of $305,000. Median rent runs $1,991/month, 52% higher than the national median of $1,314/month. The median household income of $153,691/year is 106% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Pennsylvania's top state income tax rate is 3.1% and the combined sales tax is 6.3%. The climate averages highs of 63.0°F and lows of 45.0°F. Overall, Richboro has a cost of living index of 163 versus the US average of 100, meaning it is 63% more expensive.

🏠 Housing

Median Home Value
$519,100
70% above avg
Zillow Home Value
$200,959
Zillow ZHVI
Median Rent
$1,991/mo
52% above avg
Price-to-Rent Ratio
21.7x
Favors renting
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$779
1 BR
$871
2 BR
$1,065
3 BR
$1,337
4 BR
$1,547
Owner-occupied 97.8%
Renter-occupied 2.2%

💰 Estimated Monthly Budget

Rent median rent
$1,991
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,605/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.5 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.1%

Commute Mode

Drove alone
76.7%
Carpooled
2.0%
Public transit
1.4%
Walked
0.3%
Work from home
19.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.1%
Total Sales Tax 6.3%
State rate 6.0%
Avg local rate 0.3%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$153,691
106% above avg
Per Capita Income
$73,266
Unemployment Rate
2.5%
48% below avg
Poverty Rate
0.9%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 33.7%
Graduate degree 24.4%

👥 Demographics

Median Age 52.7
Male median age 51.1
Female median age 55.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.0°F
Avg Low
45.0°F
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637281858376645444
Low °F 242632425261676558473730

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
81.4%
Good air days/yr
200
Max AQI recorded
0
PM2.5 days
296
Ozone days

Frequently Asked Questions

What is the cost of living in Richboro, PA?

Richboro has a cost index of 163 (100 = national average). It is 63% above the national average.

What is average rent in Richboro, PA?

The median gross rent in Richboro is $1,991 per month based on 2023 Census data.

What is the average home price in Richboro?

The median home value in Richboro is $519,100 according to Zillow and Census data.

What is the median income in Richboro?

The median household income in Richboro is $153,691 per year (2023 ACS 5-year estimates).

What is the sales tax in Richboro, PA?

The combined state and local sales tax rate in Richboro is 6.3%. The Pennsylvania state income tax top rate is 3.1%.

Is Richboro, PA affordable?

Richboro is above average in cost of living, with an index of 163 — about 63% higher than the national average.

What is the weather like in Richboro?

Richboro has average high temperatures of 63.0°F and average lows of 45.0°F. Data from NOAA 1991–2020 Climate Normals.

Richboro at a Glance

Population
7,033
Median Income
$153,691
Home Value
$519,100
Median Rent
$1,991/mo
Unemployment
2.5%
Avg High Temp
63.0°F
Sales Tax
6.3%
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🗺️ County data for Pennsylvania

Explore county-level cost of living data

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