Hereford, PA is a small town located in Berks County. It boasts of a number of local companies such as Hereford Lumber Company and Kline's Grocery Store, which provide essential services to the residents. Popular attractions include the nearby Blue Marsh Lake, the Cabela's outdoor store, the Reading Phillies ballpark and the Goggleworks Center for Arts. With a 2 Bedroom Rent that is lower than the US average ($1,370 versus $1,430) and a Grocery Cost Index that is also significantly lower (95 versus 100 in the US), Hereford is an attractive option for potential renters looking for an affordable place to live that still has access to quality amenities.
Hereford has an unemployment rate of 7.6%. The US average is 6.0%.
Hereford has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Hereford
- The Sales Tax Rate for Hereford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hereford 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 Hereford
- The average income of a Hereford resident is $25,426 a year. The US average is $28,555 a year.
- The Median household income of a Hereford resident is $57,955 a year. The US average is $69,021 a year.