Bear Lake, PA is a small town located near the border of New York and Pennsylvania. The cost of living in Bear Lake is quite low, with average rent for a two-bedroom apartment coming in at $850 compared to the US average of $1,430. The grocery cost index is also lower than the national average, with a score of 97 as opposed to 100.
The area has plenty to offer, including local businesses like Bear Lake Market, Bear Lake Country Store, and Holdsworth Hardware. There are also several recreational activities available such as fishing at nearby lakes, camping in forests or parks, and skiing at nearby Bear Mountain Ski Resort. Additionally, there are many places for outdoor recreation such as hiking along trails or biking around the town's streets. All in all, Bear Lake offers an affordable lifestyle with plenty of amenities for residents to enjoy!
Bear Lake has an unemployment rate of 7.6%. The US average is 6.0%.
Bear Lake has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Bear Lake
- The Sales Tax Rate for Bear Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Lake 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 Bear Lake
- The average income of a Bear Lake resident is $13,964 a year. The US average is $28,555 a year.
- The Median household income of a Bear Lake resident is $62,850 a year. The US average is $69,021 a year.