Fannett, PA Economy


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Fannett, PA is a small town located in Franklin County with excellent amenities for residents. It is an affordable place to live, with 2-bedroom rents at just $920 compared to the U.S average of $1,430. Additionally, grocery cost index in Fannett is 104 versus 100 in the US. Companies such as Fannett Metal Corporation, D&G Electric Inc., and Keystone Dairy Farms are based in Fannett and provide opportunities for employment as well as products for the local community. Residents also enjoy a variety of entertainment options such as golfing at Stoneridge Golf Course and Mountain Ridge Golf Course, fishing in Whitetail Creek or exploring history at the Civil War Monument Park.

Fannett has an unemployment rate of 5.9%. The US average is 6.0%.

Fannett has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for Fannett
- The Sales Tax Rate for Fannett is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fannett 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 Fannett
- The average income of a Fannett resident is $18,993 a year. The US average is $28,555 a year.
- The Median household income of a Fannett resident is $55,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFannett, PennsylvaniaUnited States
  5.96
  -4.6%-6.2%
  24.4%33.5%
  6.0%6.2%
  4.1%4.6%
  $27,249$37,638
  $55,625$69,021
  $68,056$85,028
  Population by Occupation
  7.1%1.2%
  0.0%0.5%
  11.8%6.8%
  16.1%10.0%
  2.3%2.5%
  6.0%11.0%
  10.6%4.8%
  1.4%0.8%
  0.0%1.9%
  3.3%4.7%
  0.4%1.9%
  3.8%7.6%
  0.0%0.1%
  4.3%4.2%
  4.7%9.3%
  14.6%14.0%
  0.0%2.1%
  2.5%7.0%
  4.6%4.8%
  6.7%4.7%
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