Cherry Tree, PA is a quaint town in the heart of Pennsylvania. In terms of housing costs, it is much less expensive than other areas in the US. 2 bedroom rent for $900 compared to the national average which is $1,430. Additionally, grocery costs are slightly lower here with an index of 95 compared to the US average of 100. The area has many local businesses such as Berry's Bakery, which serves freshly-baked pastries and breads every day; Bailey's Clothing Store offering high-quality apparel; and Ferrara's Fine Furniture for all your interior design needs.
Cherry Tree has an unemployment rate of 7.7%. The US average is 6.0%.
Cherry Tree has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 9.2%, which is lower than the US average of 33.5%.
Tax Rates for Cherry Tree
- The Sales Tax Rate for Cherry Tree is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cherry Tree 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 Cherry Tree
- The average income of a Cherry Tree resident is $18,764 a year. The US average is $28,555 a year.
- The Median household income of a Cherry Tree resident is $57,716 a year. The US average is $69,021 a year.