Mercer borough, PA is an area with a great balance between affordability and quality of life. The average 2 bedroom rent in Mercer borough, PA is $850, which is significantly lower compared to the US average of $1,430. This makes Mercer borough an attractive place for those looking to save money on rent. In addition, Mercer borough has a low Grocery Cost Index of 99 compared to the United States which is 100. This means that food costs in Mercer borough are relatively inexpensive when compared to other places in the country. While there are no large companies based in Mercer borough itself, the local economy benefits from nearby businesses such as Walmart, Lowes and Home Depot located close by.
Mercer has an unemployment rate of 8.4%. The US average is 6.0%.
Mercer has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.
Tax Rates for Mercer
- The Sales Tax Rate for Mercer is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mercer is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mercer
- The average income of a Mercer resident is $24,608 a year. The US average is $28,555 a year.
- The Median household income of a Mercer resident is $49,688 a year. The US average is $69,021 a year.