Royersford, Pennsylvania is a town situated in Montgomery County with an estimated population of 5,016. The town offers many amenities such as educational institutions, recreational spaces, local businesses, and a peaceful atmosphere that makes it attractive to residents. It is also notable for its lower than average rent prices compared to the rest of the country. On average, two-bedroom apartments in Royersford are around $1,810 per month whereas the same accommodation elsewhere would cost approximately $1,430. Other costs of living such as groceries are also lower than national averages with a grocery cost index of 106 versus 100 in the US.
In terms of local businesses within Royersford there are numerous amounts of options available including banks such as Wells Fargo, restaurants like Red Brick Craft Distillery & Bar and shopping outlets like Macy’s and Trader Joe’s. With so much variety close by it’s no wonder why Royersford is an ideal place for those looking for affordable and convenient living!
Royersford has an unemployment rate of 5.6%. The US average is 6.0%.
Royersford has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Royersford
- The Sales Tax Rate for Royersford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Royersford 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 Royersford
- The average income of a Royersford resident is $28,840 a year. The US average is $28,555 a year.
- The Median household income of a Royersford resident is $59,932 a year. The US average is $69,021 a year.