Altoona, PA is a city located in Pennsylvania and is known for its low cost of living. The average two-bedroom rent in Altoona is $930, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Altoona is 97 compared to a US average of 100. This means that grocery items are even cheaper than usual in Altoona. Despite its low prices, Altoona has many businesses such as Sheetz convenience stores and Bonanza Steakhouse that provide quality products and services to locals. All these factors make Altoona an attractive place to live for those looking for affordability.
Altoona has an unemployment rate of 8.1%. The US average is 6.0%.
Altoona has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Altoona
- The Sales Tax Rate for Altoona is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Altoona is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Altoona
- The average income of a Altoona resident is $19,962 a year. The US average is $28,555 a year.
- The Median household income of a Altoona resident is $46,010 a year. The US average is $69,021 a year.