Lycoming, PA County is an attractive location for those looking for a more affordable lifestyle. With two bedroom rent at $970, it is significantly lower than the national average of $1,430. Also, the Grocery Cost Index in Lycoming is 101 versus 100 in the US, meaning that groceries are slightly more affordable there. Located near the Susquehanna River Valley and other areas of natural beauty, Lycoming also has a vibrant and growing business sector. Local companies include Lockheed Martin Aeronautics Systems, Lycoming Tool & Manufacturing Corporation, Northumberland National Bank and Frito-Lay.
Lycoming County has an unemployment rate of 7.8%. The US average is 6.0%.
Lycoming County has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Lycoming County
- The Sales Tax Rate for Lycoming County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lycoming County is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lycoming County
- The average income of a Lycoming County resident is $23,531 a year. The US average is $28,555 a year.
- The Median household income of a Lycoming County resident is $58,177 a year. The US average is $69,021 a year.