Cherryville, PA Economy


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Cherryville, PA is a small town located in Pennsylvania with many cultural attractions and a rich history. It's home to several local businesses such as Joe's Hardware Store, Baker Street Bakery, and Roseman's Pharmacy. The cost of living in Cherryville is relatively low compared to other areas. For example, the average rent for a two bedroom apartment is $1,370 which is slightly lower than the US average of $1,430. Similarly, the Grocery Cost Index in Cherryville is 104 versus 100 in the US. Therefore overall it can be said that the cost of living in Cherryville is quite reasonable making it an attractive place to live or visit.

Cherryville has an unemployment rate of 6.8%. The US average is 6.0%.

Cherryville has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Cherryville
- The Sales Tax Rate for Cherryville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cherryville 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 Cherryville
- The average income of a Cherryville resident is $38,590 a year. The US average is $28,555 a year.
- The Median household income of a Cherryville resident is $77,222 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCherryville, PennsylvaniaUnited States
  6.86
  -6.4%-6.2%
  28.0%33.5%
  6.0%6.2%
  3.1%4.6%
  $37,138$37,638
  $77,222$69,021
  $74,866$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.2%6.8%
  11.2%10.0%
  8.8%2.5%
  23.3%11.0%
  0.0%4.8%
  1.1%0.8%
  0.0%1.9%
  1.6%4.7%
  0.0%1.9%
  4.9%7.6%
  0.0%0.1%
  0.0%4.2%
  8.8%9.3%
  12.3%14.0%
  7.6%2.1%
  5.6%7.0%
  3.2%4.8%
  3.6%4.7%
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