Phoenixville, PA

Above Avg · 112

Pennsylvania · Population 19,062 · Updated March 2026

$1,563
Median Rent / Month
$94,411
Median Income
$348,200
Median Home Value
$1,669
Owner Costs / Month

Affordability

How far your income goes in Phoenixville

19.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Pennsylvania

State-level tax rates that affect your costs

3.07%
Income Tax (Top Rate)
6.0%
Sales Tax
1.49%
Property Tax Rate

Estimated Annual Costs

$18,756
Annual Rent
$2,898
State Income Tax
$5,188
Property Tax (est.)

Cost of Living Overview

Phoenixville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Phoenixville residents can expect to pay median rent of $1,563/month while earning a median household income of $94,411/year.

The median home value in Phoenixville, PA is $348,200, with typical monthly owner costs around $1,669 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Pennsylvania has a moderate income tax rate of 3.07%. Combined with a 6.0% sales tax rate and 1.49% effective property tax rate, the overall tax environment is a factor in the total cost of living in Phoenixville.

Frequently Asked Questions

Common questions about living costs in Phoenixville

What is the cost of living in Phoenixville, PA?
The cost of living index in Phoenixville, PA is 112 (US average = 100). Median monthly rent is $1,563, median household income is $94,411/year, and the median home value is $348,200.
Is Phoenixville, PA affordable?
No, Phoenixville is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 19.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Phoenixville, PA?
The median gross rent in Phoenixville, PA is $1,563 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,756.
What is the median household income in Phoenixville?
The median household income in Phoenixville, PA is $94,411 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Pennsylvania?
Pennsylvania has a top income tax rate of 3.07%, a sales tax of 6.0%, and an effective property tax rate of 1.49%.