North East, PA Economy


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North East borough, PA is an excellent place to live with a variety of local companies to choose from. The cost of living in this area is relatively affordable compared to other parts of the country. For instance, 2 bedroom rent in North East borough is only $850 per month which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index here is 97 which is below the national average of 100. Popular local companies in North East borough include CVS Pharmacy, Walmart Supercenter, Giant Food Stores and Ace Hardware. Ultimately, North East Borough makes a great location for budget-conscious individuals looking to settle down and raise families.

North East has an unemployment rate of 9.1%. The US average is 6.0%.

North East has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.

Tax Rates for North East
- The Sales Tax Rate for North East is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North East 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 North East
- The average income of a North East resident is $20,112 a year. The US average is $28,555 a year.
- The Median household income of a North East resident is $58,336 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth East, PennsylvaniaUnited States
  9.16
  -7.1%-6.2%
  15.4%33.5%
  6.0%6.2%
  4.1%4.6%
  $30,155$37,638
  $58,336$69,021
  $58,098$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  4.8%6.8%
  23.4%10.0%
  2.8%2.5%
  10.8%11.0%
  1.7%4.8%
  1.8%0.8%
  0.0%1.9%
  4.6%4.7%
  0.3%1.9%
  0.8%7.6%
  0.0%0.1%
  0.6%4.2%
  6.7%9.3%
  25.2%14.0%
  0.0%2.1%
  13.0%7.0%
  1.9%4.8%
  1.1%4.7%
Health
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