Newtown township (Delaware Cnty), PA is a thriving community that has much to offer. One of the major draws of this town is its cost of living. As evidenced by the 2 Bedroom Rent being just $1,780 compared to the US average of $1,430, Newtown township offers great value for money. Additionally, groceries are also relatively less expensive with the Grocery Cost Index being 112 versus 100 in the US.
The local economy in Newtown Township is best represented by a few key companies such as Lenape Valley Financial Group, which provides financial advice and services to its customers, PECO Energy Company which supplies natural gas and electricity service to the area, and Ewing Oil Company which distributes home heating oil throughout Delaware County. There are many other businesses located throughout Newtown Township such as restaurants, retail stores and service providers that make it a great place to live and work.
Newtown township (Delaware County) has an unemployment rate of 7.1%. The US average is 6.0%.
Newtown township (Delaware County) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Newtown township (Delaware County)
- The Sales Tax Rate for Newtown township (Delaware County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newtown township (Delaware County) is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newtown township (Delaware County)
- The average income of a Newtown township (Delaware County) resident is $54,693 a year. The US average is $28,555 a year.
- The Median household income of a Newtown township (Delaware County) resident is $122,981 a year. The US average is $69,021 a year.