Towamencin, PA is a suburb located northwest of Philadelphia. It has a variety of businesses, including restaurants, cafes, shops and entertainment venues. The cost of living in Towamencin is slightly higher than the national average. For example, the average 2-bedroom rent in Towamencin is $1,660 compared to the US average of $1,430. Also, the grocery cost index in Towamencin is 108 compared to 100 nationally. Local companies include Kitchen Kapers, a kitchenware store; Whiting Farms Market & Garden Center; and Providence Towne Center for many retail shopping choices. All in all, while there is an increase in cost of living when it comes to Towamencin compared to other cities nationwide, the area boasts a variety of businesses that make living here attractive.
Towamencin has an unemployment rate of 5.6%. The US average is 6.0%.
Towamencin 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 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Towamencin
- The Sales Tax Rate for Towamencin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Towamencin 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 Towamencin
- The average income of a Towamencin resident is $50,565 a year. The US average is $37,638 a year.
- The Median household income of a Towamencin resident is $93,830 a year. The US average is $69,021 a year.