Lycoming, Pennsylvania is a charming and vibrant community located in North Central Pennsylvania. The city is home to an array of exciting local businesses, including Lycoming Supply Co., Miller Brothers Furniture, and Uptown Music Collective. Residents can enjoy the great outdoors while exploring nearby hills or trails. Additionally, there are plenty of attractions like the Lycoming County Fairgrounds or the Thomas Taber Museum to keep locals entertained. Despite being slightly higher than the average US rent costs, 2 bedroom rentals in Lycoming are still affordable at $970 per month. Grocery costs also remain low compared to the national average with a grocery cost index of 103 versus 100 in the US.
Lycoming has an unemployment rate of 7.8%. The US average is 6.0%.
Lycoming has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Lycoming
- The Sales Tax Rate for Lycoming is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lycoming is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lycoming
- The average income of a Lycoming resident is $25,787 a year. The US average is $28,555 a year.
- The Median household income of a Lycoming resident is $65,469 a year. The US average is $69,021 a year.