Sharon, PA

Very Low · 44

Pennsylvania · Population 13,019 · Updated March 2026

$780
Median Rent / Month
$44,595
Median Income
$79,100
Median Home Value
$754
Owner Costs / Month

Affordability

How far your income goes in Sharon

21.0%
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

$9,360
Annual Rent
$1,369
State Income Tax
$1,179
Property Tax (est.)

Cost of Living Overview

Sharon is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 44 (where 100 equals the national median), Sharon residents can expect to pay median rent of $780/month while earning a median household income of $44,595/year.

The median home value in Sharon, PA is $79,100, with typical monthly owner costs around $754 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% 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 Sharon.

Frequently Asked Questions

Common questions about living costs in Sharon

What is the cost of living in Sharon, PA?
The cost of living index in Sharon, PA is 44 (US average = 100). Median monthly rent is $780, median household income is $44,595/year, and the median home value is $79,100.
Is Sharon, PA affordable?
Yes, Sharon is more affordable than the national average with a cost index of 44. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Sharon, PA?
The median gross rent in Sharon, PA is $780 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,360.
What is the median household income in Sharon?
The median household income in Sharon, PA is $44,595 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%.