Penn township, PA Economy


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Penn Township (Westmoreland Cnty), PA is a unique community located in Southwestern Pennsylvania. The Township offers its residents affordable living costs compared to the rest of the country, with an average two bedroom rent of $980 compared to the US rate of $1430, and a grocery cost index of 100 versus the national average. Local businesses that contribute to Pennsylvania's economy include Penn Valley Resources, S&T Bank, and Bon Secours Health System. These companies offer employment opportunities to local residents as well as a wide range of services to the community. With its diverse range of activities and attractions, Penn Township (Westmoreland Cnty) is an ideal place for families looking for small-town living and convenience.

Penn township has an unemployment rate of 7.4%. The US average is 6.0%.

Penn township 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 23.3%, which is lower than the US average of 33.5%.

Tax Rates for Penn township
- The Sales Tax Rate for Penn township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Penn township 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 Penn township
- The average income of a Penn township resident is $41,963 a year. The US average is $37,638 a year.
- The Median household income of a Penn township resident is $88,810 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPenn township, PennsylvaniaUnited States
  7.46
  -7.0%-6.2%
  23.3%33.5%
  6.0%6.2%
  4.1%4.6%
  $41,963$37,638
  $88,810$69,021
  $103,606$85,028
  Population by Occupation
  0.4%1.2%
  0.1%0.5%
  5.5%6.8%
  11.6%10.0%
  3.3%2.5%
  15.3%11.0%
  3.0%4.8%
  2.0%0.8%
  2.1%1.9%
  6.1%4.7%
  1.2%1.9%
  8.4%7.6%
  0.0%0.1%
  4.7%4.2%
  9.8%9.3%
  16.5%14.0%
  1.1%2.1%
  3.8%7.0%
  2.9%4.8%
  2.2%4.7%
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