Latimore, PA Economy


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Latimore, PA is an appealing city with a variety of businesses and amenities to enjoy. The 2 bedroom rent in Latimore is cheaper than the US average at $1,080 versus $1,430 respectively. This allows residents to save money on their housing expenses. Local companies include ABC Automotive, Latimore Booksellers, and Tom's Coffee House. People can also find relatively low grocery costs in Latimore with a cost index of 106 compared to the US average of 100. Overall, living in Latimore is a great option for those looking to balance affordability and quality of life.

Latimore has an unemployment rate of 4.9%. The US average is 6.0%.

Latimore has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.

Tax Rates for Latimore
- The Sales Tax Rate for Latimore is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Latimore is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Latimore
- The average income of a Latimore resident is $34,579 a year. The US average is $28,555 a year.
- The Median household income of a Latimore resident is $73,233 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLatimore, PennsylvaniaUnited States
  4.96
  -6.1%-6.2%
  30.7%33.5%
  6.0%6.2%
  4.8%4.6%
  $40,014$37,638
  $73,233$69,021
  $93,256$85,028
  Population by Occupation
  5.5%1.2%
  0.0%0.5%
  15.6%6.8%
  13.2%10.0%
  1.8%2.5%
  11.0%11.0%
  6.9%4.8%
  0.0%0.8%
  0.4%1.9%
  4.7%4.7%
  0.2%1.9%
  6.1%7.6%
  0.0%0.1%
  2.0%4.2%
  11.0%9.3%
  7.6%14.0%
  1.3%2.1%
  4.4%7.0%
  5.7%4.8%
  2.4%4.7%
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