Bangor, PA Economy


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Bangor, PA is a lovely small town located in Northampton County with a population of under 5,000 people. It is known for its cozy atmosphere and family friendly environment. People who live here enjoy easy access to big cities like Philadelphia and Allentown. The cost of living in Bangor is lower than the US average. The median rent for a two-bedroom apartment is $1,370 which is $60 less than the US national average of $1,430 per month. Additionally, the Grocery Cost Index in Bangor is 103 versus 100 in the US on average making groceries more affordable.
The town also has many great local companies to work at such as Kraft Foods Group Inc., Crayola LLC, Just Born Quality Confections, and Premier Notions International Corporation to name a few. With its reasonable cost of living and multitude of job opportunities, it's no wonder why so many people choose to call Bangor their home.

Bangor has an unemployment rate of 6.8%. The US average is 6.0%.

Bangor has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Bangor
- The Sales Tax Rate for Bangor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bangor is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bangor
- The average income of a Bangor resident is $21,029 a year. The US average is $28,555 a year.
- The Median household income of a Bangor resident is $54,614 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBangor, PennsylvaniaUnited States
  6.86
  -6.4%-6.2%
  28.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $22,728$37,638
  $54,614$69,021
  $58,985$85,028
  Population by Occupation
  2.0%1.2%
  0.0%0.5%
  11.0%6.8%
  16.2%10.0%
  5.5%2.5%
  10.0%11.0%
  8.4%4.8%
  1.2%0.8%
  1.5%1.9%
  0.5%4.7%
  0.7%1.9%
  1.3%7.6%
  0.0%0.1%
  2.7%4.2%
  5.9%9.3%
  16.4%14.0%
  0.0%2.1%
  10.5%7.0%
  3.0%4.8%
  3.0%4.7%
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