Allegany, PA Economy


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United States / Pennsylvania / No Metro Area / Potter County / Allegany / Zip Codes
Allegany, PA is an affordable place to live in. 2 bedroom rent in Allegany is $820 which is much lower than the US average of $1,430. Grocery cost index in Allegany is also cheaper with 98 versus 100 in the US. This makes it a great place for people looking to save money. Local companies like Gebhart's Supply Co., All-Star Automotive, and Green Thumb Lawn Care & Landscaping provide quality services at reasonable prices. With the low cost of living and abundance of quality companies, Allegany is a great place to call home.

Allegany has an unemployment rate of 8.5%. The US average is 6.0%.

Allegany has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.

Tax Rates for Allegany
- The Sales Tax Rate for Allegany is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Allegany 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 Allegany
- The average income of a Allegany resident is $23,982 a year. The US average is $28,555 a year.
- The Median household income of a Allegany resident is $54,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllegany, PennsylvaniaUnited States
  8.56
  -4.3%-6.2%
  19.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $30,749$37,638
  $54,167$69,021
  $67,500$85,028
  Population by Occupation
  15.6%1.2%
  2.2%0.5%
  10.1%6.8%
  6.7%10.0%
  1.1%2.5%
  3.9%11.0%
  5.6%4.8%
  2.2%0.8%
  1.1%1.9%
  4.5%4.7%
  0.0%1.9%
  3.4%7.6%
  0.0%0.1%
  2.8%4.2%
  5.0%9.3%
  26.8%14.0%
  0.6%2.1%
  2.8%7.0%
  2.8%4.8%
  2.8%4.7%
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