Hallam, PA is a small town with a population of about 4,000 people. Located in the heart of Lancaster County it offers a peaceful and quiet atmosphere for those looking to get away from the hustle and bustle of the bigger cities. The local economy is supported by several small businesses such as grocery stores, restaurants, banks, and small retail shops. There are also several medical facilities that provide complete health care services to the community. Hallam is known for being an affordable area with a 2 bedroom rent of only $1,300 compared to $1,430 across the United States. The cost of groceries in Hallam is slightly higher than the national average with an index of 105 compared to 100 in the US. Residents can enjoy nearby parks and outdoor activities and take advantage of many cultural events that are held throughout the year.
Hallam has an unemployment rate of 6.0%. The US average is 6.0%.
Hallam has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Hallam
- The Sales Tax Rate for Hallam is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hallam 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 Hallam
- The average income of a Hallam resident is $33,912 a year. The US average is $37,638 a year.
- The Median household income of a Hallam resident is $61,510 a year. The US average is $69,021 a year.