Millwood, PA is a small town located in the northeast corner of Pennsylvania with a population just over 1,000. It is known for its quaint charm and tight-knit community. The cost of living in this area is quite reasonable. The median rent for a two bedroom apartment is $890, compared to the US average of $1,430. Grocery costs are also lower than the national average at 96 versus 100. Residents can find all their necessities at local stores such as The Millwood Market, D&D Farm Store, and Millwood Pharmacy. Overall, Millwood offers an affordable lifestyle with plenty of local amenities.
Millwood has an unemployment rate of 7.4%. The US average is 6.0%.
Millwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Millwood
- The Sales Tax Rate for Millwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Millwood 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 Millwood
- The average income of a Millwood resident is $17,504 a year. The US average is $28,555 a year.
- The Median household income of a Millwood resident is $42,143 a year. The US average is $69,021 a year.