Bessemer, PA is a small town in Pennsylvania with many local businesses. Companies such as the Bessemer Food Market, Grandma's Store, and Greenwood Garden Center provide residents with necessary goods and services. In addition to its local businesses, Bessemer has unique economic indicators that stand out from other nearby towns. For example, the 2 bedroom rent is $860 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Bessemer is 97 versus 100 in the US. Overall, Bessemer offers its citizens an affordable lifestyle while also providing various business opportunities for entrepreneurs and investors alike.
Bessemer has an unemployment rate of 9.3%. The US average is 6.0%.
Bessemer has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Bessemer
- The Sales Tax Rate for Bessemer is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bessemer 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 Bessemer
- The average income of a Bessemer resident is $22,237 a year. The US average is $28,555 a year.
- The Median household income of a Bessemer resident is $65,662 a year. The US average is $69,021 a year.