Faxon, PA is a charming town situated in the suburbs of Pennsylvania. It has a variety of amenities for its residents, including local businesses such as restaurants, stores, and cafes. The cost of living in Faxon remains quite low compared with other parts of the state – rent for a two-bedroom apartment is only $1,030 per month, while the national average is $1,430. Additionally, Faxon’s grocery cost index is 100 which matches the national index. Therefore, this makes Faxon an affordable place to live with plenty of amenities to enjoy.
Faxon has an unemployment rate of 7.8%. The US average is 6.0%.
Faxon has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Faxon
- The Sales Tax Rate for Faxon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Faxon is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Faxon
- The average income of a Faxon resident is $30,846 a year. The US average is $28,555 a year.
- The Median household income of a Faxon resident is $76,857 a year. The US average is $69,021 a year.