New Florence, PA Economy


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New Florence, PA is a charming small city located in Westmoreland County. It offers residents a peaceful atmosphere and affordable living, with the average two bedroom rental cost being just $930 compared to the US average of $1,430. Residents also benefit from low grocery costs, with the Grocery Cost Index in New Florence at 97 versus 100 in the US. This makes it an attractive location for families looking for a place to settle down. Local companies include The Baker's Store which sells freshly baked breads as well as other local produce, and Monty Tire Company which provides automobile repairs and maintenance services. There are plenty more businesses around town to explore, from hardware stores to plant nurseries. With its affordable housing and low cost of living, New Florence is an ideal place for people looking for a small-town lifestyle without breaking the bank!

New Florence has an unemployment rate of 7.4%. The US average is 6.0%.

New Florence has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.

Tax Rates for New Florence
- The Sales Tax Rate for New Florence is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Florence is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New Florence
- The average income of a New Florence resident is $20,445 a year. The US average is $28,555 a year.
- The Median household income of a New Florence resident is $52,679 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Florence, PennsylvaniaUnited States
  7.46
  -7.0%-6.2%
  23.3%33.5%
  6.0%6.2%
  4.1%4.6%
  $27,636$37,638
  $52,679$69,021
  $65,000$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  6.3%6.8%
  7.5%10.0%
  3.6%2.5%
  10.3%11.0%
  12.3%4.8%
  2.0%0.8%
  1.6%1.9%
  1.2%4.7%
  2.4%1.9%
  3.2%7.6%
  0.0%0.1%
  4.4%4.2%
  7.5%9.3%
  11.9%14.0%
  2.4%2.1%
  10.7%7.0%
  9.1%4.8%
  1.2%4.7%
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