Bedminster, PA is a small borough located in Bucks County. Its population is estimated to be around 2,000 people. Although it has a relatively small population, Bedminster offers a variety of local amenities such as shopping centers, restaurants, and recreational parks. Many companies in the area are focused on retail and restaurant services including The Corner Bakery Cafe, Walmart Supercenter, and Uno Pizzeria & Grill.
The cost of living in Bedminster is higher than the US average. Rent for two bedroom apartments in Bedminster averages at $1,590 compared to $1,430 in the US. Additionally, the Grocery Cost Index (GCI) value for Bedminster is 109 versus 100 in the US which means that groceries are more expensive than the US average. These higher costs of living can have an impact on residents who live in Bedminster as they may need to spend more money than those who live elsewhere for basic necessities such as rent or food.
Bedminster has an unemployment rate of 6.1%. The US average is 6.0%.
Bedminster has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Bedminster
- The Sales Tax Rate for Bedminster is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bedminster is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bedminster
- The average income of a Bedminster resident is $58,211 a year. The US average is $37,638 a year.
- The Median household income of a Bedminster resident is $124,651 a year. The US average is $69,021 a year.