Pennsburg, PA is a small town located in Montgomery County with a population of just over 2,000 people. It is known for its friendly community atmosphere and local attractions. The cost of living in Pennsburg is slightly higher than the US average, with a two bedroom rental costing $1,480 compared to $1,430 nationwide. Similarly, grocery costs are 5% higher than the national average according to the Grocery Cost Index. \nThe local business scene in Pennsburg has plenty to offer; there are numerous restaurants and cafes as well as specialty stores like Green Valley Bakery, which offers artisanal breads made from locally sourced ingredients. Other businesses include independent boutiques such as K & P Boutique Clothing Store and a variety of professional services from landscapers to accountants. The area also supports creative endeavors such as art galleries and studios. As part of its thriving economy, Pennsburg hosts several annual festivals that bring together local residents and visitors from around the region.
Pennsburg has an unemployment rate of 5.6%. The US average is 6.0%.
Pennsburg has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Pennsburg
- The Sales Tax Rate for Pennsburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pennsburg 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 Pennsburg
- The average income of a Pennsburg resident is $25,572 a year. The US average is $28,555 a year.
- The Median household income of a Pennsburg resident is $84,531 a year. The US average is $69,021 a year.