Hyde, PA Economy


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Hyde, PA is a small community located in Wayne County. It is well known for its low cost of living, with two bedrooms renting for $770 per month compared to the US average of $1,430. Furthermore, groceries in Hyde are much cheaper than elsewhere with a cost index of 95 versus 100 in the US. Local companies include Schoeneck Containers Inc., Handyman Services LLC., and East Coast Tire & Wheel Inc. which offer employment opportunities for residents. Living in Hyde is quite pleasant as it offers a peaceful atmosphere close to nature yet within reach of shops and other services. With lower costs on rent and groceries, Hyde provides a great quality of life at an affordable price.

Hyde has an unemployment rate of 8.0%. The US average is 6.0%.

Hyde has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.

Tax Rates for Hyde
- The Sales Tax Rate for Hyde is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hyde 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 Hyde
- The average income of a Hyde resident is $17,567 a year. The US average is $28,555 a year.
- The Median household income of a Hyde resident is $44,773 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHyde, PennsylvaniaUnited States
  86
  -5.2%-6.2%
  19.4%33.5%
  6.0%6.2%
  3.1%4.6%
  $20,538$37,638
  $44,773$69,021
  $49,847$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.6%6.8%
  11.8%10.0%
  1.5%2.5%
  5.5%11.0%
  11.7%4.8%
  0.0%0.8%
  3.4%1.9%
  3.8%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  6.8%4.2%
  3.4%9.3%
  11.7%14.0%
  0.0%2.1%
  22.0%7.0%
  3.9%4.8%
  7.7%4.7%
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