Chester County residents hold the most purchasing power in Pennsylvania, according to a new study published by SmartAsset.
To find places where average living expenses are most affordable to the people who live there, SmartAsset looked at the cost of living relative to income to determine the purchasing power in each county in Pennsylvania, as well as nationwide.
With a median income of $92,417 and a cost of living at $49,197, Chester County ranked first in Pennsylvania based on purchasing power. Its purchasing power index of 75.77 also helped the county come in the Top 50 nationwide at No. 34.
Chester County has had the highest purchasing power in the commonwealth for at least the last six years, according to SmartAsset.
Chester County also ranked first in median income, which is significantly higher than the state average of $56,951.
However, Chester County is also No. 67 based on the cost of living, making it the county with the highest cost of living in Pennsylvania, where the average cost of living is $35,733.
Read more from SmartAsset here.
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