Reading, PA is a great place to live for those who are looking for an affordable lifestyle. The two bedroom rent is $1,050, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Reading is 97 versus the national average of 100. This makes it a good choice for those on a budget. Local companies such as Penske Corporation and Carpenter Technology have their headquarters in Reading, adding to its economic significance. In summary, Reading offers an affordable cost of living when compared to other cities and towns across the country.
Reading has an unemployment rate of 14.8%. The US average is 6.0%.
Reading has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Reading
- The Sales Tax Rate for Reading is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reading is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Reading
- The average income of a Reading resident is $13,339 a year. The US average is $28,555 a year.
- The Median household income of a Reading resident is $38,738 a year. The US average is $69,021 a year.