Chesterbrook, PA Economy


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Chesterbrook, PA is a vibrant community located in Montgomery County. It is home to many popular companies, such as the PECO Energy Company which provides electricity to the area, Aqua Pennsylvania for water and sewer services, and Comcast for cable and internet services. Rent for two bedroom apartments in Chesterbrook is higher than the national average at $1,970 compared to only $1,430 across the US. Additionally, it has a slightly higher grocery cost index of 113 versus 100 in the US on average. Despite these expenses, Chesterbook offers a great quality of life with its friendly environment and multitude of entertainment options.

Chesterbrook has an unemployment rate of 4.7%. The US average is 6.0%.

Chesterbrook has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.

Tax Rates for Chesterbrook
- The Sales Tax Rate for Chesterbrook is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesterbrook 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 Chesterbrook
- The average income of a Chesterbrook resident is $58,572 a year. The US average is $28,555 a year.
- The Median household income of a Chesterbrook resident is $126,687 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChesterbrook, PennsylvaniaUnited States
  4.76
  -5.9%-6.2%
  29.2%33.5%
  6.0%6.2%
  3.1%4.6%
  $77,207$37,638
  $126,687$69,021
  $159,315$85,028
  Population by Occupation
  0.0%1.2%
  0.4%0.5%
  3.2%6.8%
  9.5%10.0%
  2.9%2.5%
  5.7%11.0%
  0.7%4.8%
  0.3%0.8%
  4.6%1.9%
  10.4%4.7%
  3.4%1.9%
  16.6%7.6%
  0.0%0.1%
  0.5%4.2%
  16.4%9.3%
  21.0%14.0%
  1.4%2.1%
  1.3%7.0%
  0.7%4.8%
  1.1%4.7%
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