Chalfont, PA
Population 4,301 · Pennsylvania
About Chalfont, PA
Chalfont is a small town located in Pennsylvania with a population of 4,301 residents according to the latest US Census Bureau American Community Survey data. The median household income is $131,944 per year, which is 76% above the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Chalfont features a median home value of $435,700, which is 78% above the national median of $244,900. This places Chalfont in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,984, 71% above the national average of $1,163/month. Of the 1,690 total housing units, 84% are owner-occupied (1,379 units) and 16% are renter-occupied (269 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chalfont shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chalfont have an average one-way commute time of 29.3 minutes.
Education & Demographics
61.7% of Chalfont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.1% White, 0.0% Hispanic or Latino, 2.5% Black or African American, and 2.9% Asian residents, with 9.0% of the population being foreign-born.
Cost of Living in Chalfont, PA
Compared to national averages, Chalfont has a median household income of $131,944 (76% above the national median of $75,149). Home values average $435,700, which is 78% above the national median. Monthly rent at $1,984 is 71% above the US average of $1,163. Within Pennsylvania, Chalfont's income is 80% above the state average of $73,376, and home values are 128% above the state median of $190,903.
Why Live in Chalfont, PA?
Chalfont offers a strong local economy with a median household income of $131,944, well above the national average, and a well-educated community where 61.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $435,700. However, Chalfont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chalfont has a population of 4,301 with a median age of 41.8 years. Compare Chalfont with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Chalfont
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| McGovern | 4,290 | $110,778 | $304,400 | Compare |
| Sinking Spring | 4,288 | $73,950 | $266,100 | Compare |
| Tarentum | 4,286 | $42,453 | $76,200 | Compare |
| Maytown | 4,321 | $118,361 | $272,300 | Compare |
| Slatington | 4,277 | $50,170 | $177,300 | Compare |
| Boyertown | 4,264 | $54,179 | $196,600 | Compare |
| Laureldale | 4,259 | $64,792 | $169,100 | Compare |
| Shenandoah | 4,256 | $40,702 | $43,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Chalfont With Other Cities
Frequently Asked Questions about Chalfont
What is the population of Chalfont, PA?
The population of Chalfont, PA is 4,301 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Chalfont?
The median household income in Chalfont, PA is $131,944 per year, which is 76% above the national median of $75,149.
What is the median home value in Chalfont?
The median home value in Chalfont, PA is $435,700, which is 78% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chalfont?
The median monthly rent in Chalfont, PA is $1,984, which is 71% above the national average of $1,163/month.
What is the unemployment rate in Chalfont?
The unemployment rate in Chalfont, PA is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chalfont, PA a good place to live?
Chalfont offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,301 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Chalfont, PA?
61.7% of residents in Chalfont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Chalfont?
Key cost-of-living indicators for Chalfont, PA: median home value is $435,700 (78% above national), median rent is $1,984/month, and median household income is $131,944. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chalfont?
The poverty rate in Chalfont, PA is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chalfont, PA?
Chalfont's population is 0.1% White, 0.0% Hispanic or Latino, 2.5% Black or African American, 2.9% Asian, and 0.0% two or more races. 9.0% of residents are foreign-born.