Montgomery township (Montgomery Cnty), PA is an affluent suburb located in southeastern Pennsylvania. The area is popular with families due to its excellent schools and low crime rate. Major local employers include Merck & Co., Comcast Corporation, Lockheed Martin, and GlaxoSmithKline. Cost of living in the area is slightly higher than the national average. For example, 2 bedroom rent averages about $1,670 per month compared to a national average of $1,430. Grocery costs are also higher with an index of 108 versus 100 nationally. Overall, Montgomery township (Montgomery Cnty), PA offers a high quality of life with many opportunities for career growth and development.
Montgomery township (Montgomery County) has an unemployment rate of 4.4%. The US average is 6.0%.
Montgomery township (Montgomery County) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery township (Montgomery County)
- The Sales Tax Rate for Montgomery township (Montgomery County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery township (Montgomery County) 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 Montgomery township (Montgomery County)
- The average income of a Montgomery township (Montgomery County) resident is $55,660 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery township (Montgomery County) resident is $112,458 a year. The US average is $69,021 a year.