Spring Mills, PA is an attractive place to live due to its affordable housing and living costs. The average rent for a two bedroom apartment in Spring Mills is $1160, which is much lower than the average rent for a two bedroom apartment in the United States, which is $1430. Furthermore, the grocery cost index in Spring Mills is 105 compared to 100 nationally. This means that groceries are slightly more expensive in Spring Mills but still reasonably priced overall.
The local economy of Spring Mills is thriving with numerous companies setting up shop in the area. Notable businesses include Baymont Inn & Suites, Lowe's Home Improvement, Sheetz convenience store, Weis Markets Grocery Store, and CVS Pharmacy. These companies provide plenty of job and career opportunities within the area for locals as well as visitors alike.
Spring Mills has an unemployment rate of 4.9%. The US average is 6.0%.
Spring Mills has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Spring Mills
- The Sales Tax Rate for Spring Mills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Mills 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 Spring Mills
- The average income of a Spring Mills resident is $26,763 a year. The US average is $37,638 a year.
- The Median household income of a Spring Mills resident is $0 a year. The US average is $69,021 a year.