Colony Park, PA is an attractive city for many looking for a new home. The cost of living is affordable with 2 bedroom rent at $1,510 compared to the US average of $1,430. The Grocery Cost Index in Colony Park is 104 versus 100 in the US, allowing citizens to get more items for their money. Additionally, it is a great city for local businesses – Colony Park has many attractions such as the Peddler’s Village marketplace that offers over 70 specialty stores, restaurants and historic buildings – making it a great place to live and work. Local employers cover industries from technology to research and development and provide plenty of job opportunities. People are drawn to the city for its lively atmosphere; they can enjoy local activities like visiting the Mercer Museum or taking a stroll through Bowman’s Hill Wildflower Preserve. With all that Colony Park has to offer, it is no wonder why so many people are choosing to move there.
Colony Park has an unemployment rate of 7.6%. The US average is 6.0%.
Colony Park has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Colony Park
- The Sales Tax Rate for Colony Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Colony Park 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 Colony Park
- The average income of a Colony Park resident is $40,445 a year. The US average is $28,555 a year.
- The Median household income of a Colony Park resident is $120,952 a year. The US average is $69,021 a year.