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City Report · PA

Paoli

Pop. 6,362·21st most expensive in Pennsylvania·Paoli rents are up 6.9% over the past year
Median rent (all units)
$2,343/mo
Year-over-Year
+6.9%
Month-over-Month
-0.3%
vs US Median
+$381
Stable (Monthly)
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Most AffordableMost Expensive
Paoli · $2,343
More expensive than 74% of US cities · National median $1,962/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,343/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$94,000/yr
Local median income
$138,396/yr
Based on the 30%-of-income rule using Paoli's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

1 BR
$1,845
2 BR
$1,962
3 BR
$1,713
Fair Market Rent (HUD)
$1,962/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,343 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$28,116/yr
At $2,343/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.9% YoY, -0.3% MoM), not inventory.
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Demographics

Who lives here

Paoli, PA is majority owner-occupied, has a large retiree population, has a median income above the national average, 69.5% of residents hold a bachelor's degree or higher.

Population
6,362
Median income
$138,396
Median age
42.4
Renters
24.6%
Age distribution
19.9%
19.6%
27.3%
12.5%
20.7%
Under 1819.9%
18–3419.6%
35–5427.3%
55–6412.5%
65+20.7%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
71.4%
17.7%
White71.4%
Black3%
Hispanic3.1%
Asian17.7%
Other4.7%
Education (25+)
15%
69.5%
No HS diploma3.8%
HS diploma15%
Some college11.7%
Bachelor's+69.5%
Housing tenure
75.4%
24.6%
Owner75.4%
Renter24.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Paoli, PA has changed in 5 years

Income
$92,661 → $138,396
up 49.4%
Population
5,838 → 6,362
up 9.0%
Renter share
24.4% → 24.6%
+0.2 pts
Bachelor's+
63.3% → 69.5%
+6.2 pts
Median age
44.3 → 42.4
-1.9 yrs

Median household income grew from $92,661 to $138,396 between 2021 and 2024, a 49.4% shift. Headcount in the area went from 5,838 to 6,362 between 2021 and 2024, a 9.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.3% to 69.5%.

Community

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View Paoli rent history (2015–2026) →
Salary vs rent

Can you afford rent in Paoli on your salary?

At $2,343/mo, how Paoli rent compares to typical pay (30% rule).

By apartment size

Paoli rent by bedroom count

Median rent for each apartment size in Paoli. Click any size for full breakdown.

Local insights

Tips for renters in Paoli

About renting in Paoli, PA

Last updated: August 17, 2026

The median rent in Paoli is $2,343/mo as of August 2026. a 2-bedroom runs $1,962/mo. One-bedroom apartments average $1,845/mo and 3-bedroom units go for $1,713/mo.

At 20% of local median household income ($138,396/yr), Paoli ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.9% over the past year.

FAQ

Frequently asked questions

Is Paoli an affordable city for renters?

Paoli is considered very affordable for renters. At $2,343/mo, rent takes approximately 20% of the local median household income ($138,396/yr). The standard benchmark is 30%. Paoli falls comfortably within that range.

How much income do you need to rent in Paoli?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (~$45/hour full-time) to afford the median rent of $2,343/mo in Paoli. The local median household income is $138,396/yr, meaning the typical Paoli household meets that threshold.

Is rent going up or down in Paoli?

Rent in Paoli has increased 6.9% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Paoli rent compare to other cities in Pennsylvania?

Paoli is one of the pricier cities in Pennsylvania for rent, ranking #21 out of 169 tracked cities at $2,343/mo.

Which nearby cities are cheaper to rent in than Paoli?

Several nearby cities have lower median rents than Paoli ($2,343/mo): Devon ($1,954/mo), Wayne ($2,115/mo), Phoenixville ($2,170/mo).

What percentage of Paoli residents rent vs. own?

According to Census data, approximately 24.6% of Paoli households are renters, while 75.4% are owner-occupied. Paoli leans toward homeownership, which can mean a smaller rental inventory.

How does Paoli rent compare to the national average?

Paoli's median rent of $2,343/mo is $381 (19%) above the US national median of $1,962/mo. Within Pennsylvania, it ranks #21 out of 169 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $2,343/mo, rent takes ~20% of Paoli's median household income ($138,396/yr). The standard benchmark is 30%.

Paoli 20%Benchmark 30%
State income tax3.07%
Run the Paoli affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Paoli, PA

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