Montgomery borough, PA is a small town located in Pennsylvania. The town has a population of around 3,000 people and is situated close to major highways and state parks. The cost of living in Montgomery borough is slightly lower than the US average due to its relative affordability when it comes to housing costs and grocery prices. A two bedroom apartment rents for $950 compared to the national average of $1,430 while groceries are about 1% more expensive than the US average. Several businesses have been established here over the years including local restaurants, shops, banks, and family-run businesses such as Montgomery Auto Repair and Montgomery Lawn Care & Landscaping. There are also several schools in the area that provide educational opportunities for children from kindergarten through high school. Overall Montgomery borough provides a peaceful and friendly atmosphere that attracts many residents from surrounding areas.
Montgomery borough (Lycoming County) has an unemployment rate of 7.8%. The US average is 6.0%.
Montgomery borough (Lycoming County) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery borough (Lycoming County)
- The Sales Tax Rate for Montgomery borough (Lycoming County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery borough (Lycoming County) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montgomery borough (Lycoming County)
- The average income of a Montgomery borough (Lycoming County) resident is $20,213 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery borough (Lycoming County) resident is $52,813 a year. The US average is $69,021 a year.