Lackawaxen, PA Economy


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Lackawaxen, PA is a small town located in the northeast corner of Pennsylvania. It is a quiet and peaceful community with low crime rates and scenic views. It is also very affordable to live in Lackawaxen, with 2 bedroom rentals costing about $1,400. Furthermore, the cost of living index in Lackawaxen is higher than average at 102 versus the US average of 100. Some local companies that serve the area are Lackawaxen Real Estate LLC, Stockdale’s Music & Novelties Inc., and Jennings Fish Hatchery & Garden Center. These businesses all provide essential services to the residents of Lackawaxen and its surrounding townships.

Lackawaxen has an unemployment rate of 8.4%. The US average is 6.0%.

Lackawaxen has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.

Tax Rates for Lackawaxen
- The Sales Tax Rate for Lackawaxen is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lackawaxen 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 Lackawaxen
- The average income of a Lackawaxen resident is $33,492 a year. The US average is $28,555 a year.
- The Median household income of a Lackawaxen resident is $68,946 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLackawaxen, PennsylvaniaUnited States
  8.46
  -7.3%-6.2%
  22.1%33.5%
  6.0%6.2%
  3.1%4.6%
  $41,082$37,638
  $68,946$69,021
  $80,227$85,028
  Population by Occupation
  6.9%1.2%
  0.0%0.5%
  7.7%6.8%
  6.0%10.0%
  5.9%2.5%
  9.6%11.0%
  2.8%4.8%
  2.2%0.8%
  1.2%1.9%
  6.3%4.7%
  1.3%1.9%
  5.3%7.6%
  0.0%0.1%
  0.2%4.2%
  4.2%9.3%
  8.0%14.0%
  3.3%2.1%
  17.4%7.0%
  9.9%4.8%
  1.8%4.7%
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