Hatfield, PA Economy


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Hatfield borough, PA is a beautiful suburban area located just outside of Philadelphia. This city is a great place to live as it offers affordable housing with 2 bedroom rent at $1,390 per month versus the US average of $1,430. It also provides access to great grocery stores, with the Grocery Cost Index in Hatfield borough being 108 compared to the US average of 100. With its excellent location, Hatfield borough provides plenty of great businesses and attractions. There are many popularly known companies like Hatfield Quality Meats, and other local favorite businesses such as Olney Shopping Center for all your shopping needs. For outdoor recreation, Lake Towhee Park is a great choice for fishing and picnics with the family. With so much to do and see in Hatfield borough, it truly is a wonderful place to call home.

Hatfield has an unemployment rate of 5.6%. The US average is 6.0%.

Hatfield has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Hatfield
- The Sales Tax Rate for Hatfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hatfield 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 Hatfield
- The average income of a Hatfield resident is $29,911 a year. The US average is $28,555 a year.
- The Median household income of a Hatfield resident is $63,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHatfield, PennsylvaniaUnited States
  5.66
  -6.4%-6.2%
  29.8%33.5%
  6.0%6.2%
  4.1%4.6%
  $29,969$37,638
  $63,750$69,021
  $87,598$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  9.9%6.8%
  24.7%10.0%
  2.2%2.5%
  9.6%11.0%
  2.4%4.8%
  0.9%0.8%
  0.9%1.9%
  3.8%4.7%
  3.7%1.9%
  5.1%7.6%
  0.0%0.1%
  3.1%4.2%
  2.9%9.3%
  17.9%14.0%
  0.4%2.1%
  3.5%7.0%
  6.8%4.8%
  1.6%4.7%
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