State College, PA is an ideal city to call home for families and college students alike. Not only is it affordable with a 2 bedroom rent of $1,380 compared to the national average of $1,430, but also offers a variety of local businesses to suit any lifestyle. Companies like WebFX, Pappas Subaru and State College T-Shirt Company are just some of the companies that make up the vibrant economy of State College. Moreover, with a Grocery Cost Index of 108 versus 100 in the US it shows that groceries are slightly more expensive than average in this area; however, affordability is still overall very good and there are many services available at competitive prices. All in all, State College is an ideal place for anyone looking to live comfortably on a budget while still enjoying important amenities.
State College has an unemployment rate of 4.0%. The US average is 6.0%.
State College has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for State College
- The Sales Tax Rate for State College is 6.0%. The US average is 7.3%.
- The Income Tax Rate for State College is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for State College
- The average income of a State College resident is $15,915 a year. The US average is $28,555 a year.
- The Median household income of a State College resident is $43,015 a year. The US average is $69,021 a year.