Living in Cheltenham, Pennsylvania
Cost of living, income, home prices, rent and demographics of Cheltenham · Census data 2020–2024
Cheltenham has 38,374 residents with a median age of 40.6. The median household income is $109,022 (40% higher than the Pennsylvania median), the median home value is $384,800, the median rent is $1,608/month.
Cheltenham at a glance
- Population
- 38,374
- Median age
- 40.6State: 40.9
- Median household income
- $109,022State: $77,971
- Median home value
- $384,800State: $254,500
- Median rent
- $1,608/moState: $1,209
- Homeowners
- 62.6%
- Bachelor's degree or higher
- 58.1%
- Average commute
- 31 min
Is Cheltenham a good place to live?
Pros: Median household income 40% higher than the Pennsylvania median; a poverty rate of 7.5%.
Cons: Home values 51% higher than the state median; an average commute of 31 minutes; unemployment of 5.7%.
The weather is best in May–June and August–September.
Cost of living in Cheltenham
Housing is the biggest part of the cost of living. In Cheltenham the median home value is $384,800, 16% higher than the U.S. median. Renters pay a median of $1,608 per month, which is 32.1% of household income. Homeowners with a mortgage pay $2,793 a month in housing costs.
Cheltenham median household income
The median household income in Cheltenham is $109,022 and the income per person is $57,175. 7.5% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Cheltenham: homes for sale and rent
- Housing units
- 15,394
- Owner-occupied
- 62.6%
- Renter-occupied
- 37.4%
- Vacant
- 3.5%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.47
Cheltenham demographics
- Population
- 38,374
- Median age
- 40.6
- Under 18
- 17.7%
- 65 and older
- 20.9%
- Households
- 14,859
- Foreign-born
- 14%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Cheltenham ›
Education in Cheltenham
58.1% of adults 25 and older in Cheltenham have a bachelor's degree or higher (Pennsylvania: 35.2%), and 30.7% have a graduate or professional degree.
Jobs and commute in Cheltenham
- Unemployment rate
- 5.7%State: 5.3%
- Average commute
- 31 minState: 26 min
- Work from home
- 21.8%
- Drive alone
- 57.3%
- Public transit
- 8.6%
- Walk to work
- 3.2%
- Homes with broadband
- 95.7%
Cheltenham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cheltenham | 38,374 | $109,022 | $384,800 | $1,608 |
| Elkins Park | 7,213 | $129,852 | $401,200 | $1,606 |
| Wyncote | 3,389 | $148,824 | $470,100 | $1,434 |
| Melrose Park | 2,266 | $168,750 | $465,200 | $1,772 |
| Jenkintown | 4,727 | $110,703 | $398,000 | $1,418 |
| McKinley | 2,662 | $107,067 | $346,400 | $2,096 |
| Glenside | 7,659 | $101,676 | $390,600 | $1,431 |
| Oak Lane | 4,210 | $136,346 | $357,500 | $1,347 |
| Rockledge | 2,634 | $92,639 | $324,300 | $1,111 |
More for people moving to Cheltenham
Cheltenham ZIP code ›Weather and climate ›Living in Cheltenham: FAQ
What is the median household income in Cheltenham, PA?
The median household income in Cheltenham is $109,022, 40% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cheltenham?
The median home value in Cheltenham is $384,800, compared with $254,500 in Pennsylvania.
How much is rent in Cheltenham?
The median gross rent in Cheltenham is $1,608 per month, about 32.1% of household income.
Is Cheltenham, PA a good place to live?
Pluses: median household income 40% higher than the Pennsylvania median; a poverty rate of 7.5%. Minuses: home values 51% higher than the state median; an average commute of 31 minutes; unemployment of 5.7%.
What is the median age in Cheltenham?
The median age in Cheltenham is 40.6 years (Pennsylvania: 40.9).
How long is the commute in Cheltenham?
The average commute to work in Cheltenham is 31 minutes; 21.8% of workers work from home.
What is the unemployment rate in Cheltenham?
The unemployment rate in Cheltenham is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cheltenham?
58.1% of adults in Cheltenham have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: