Covington township (Lackawanna County), PA Economy


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Covington township (Lackawanna Cnty), PA is an ideal place to live with relatively lower living expenses. Rent for a 2 bedroom apartment in this area is only $1,100 per month, while the US average is $1,430. Additionally, the Grocery Cost Index in Covington township is 102 versus 100 in the US. This means that groceries are slightly less expensive here than the average across America.
The township has plenty of local businesses to explore such as GK's Deli & Catering, Ashby's Ice Cream Parlor, and JJ's Bar & Grill. Furthermore, Lackawanna County offers many recreational activities such as biking trails along the Lackawanna River Heritage Trail and skiing at Montage Mountain Ski Resort. With its affordability and variety of attractions to enjoy, Covington Township is an attractive place to call home.

Covington township (Lackawanna County) has an unemployment rate of 8.1%. The US average is 6.0%.

Covington township (Lackawanna County) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Covington township (Lackawanna County)
- The Sales Tax Rate for Covington township (Lackawanna County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Covington township (Lackawanna County) 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 Covington township (Lackawanna County)
- The average income of a Covington township (Lackawanna County) resident is $27,329 a year. The US average is $28,555 a year.
- The Median household income of a Covington township (Lackawanna County) resident is $77,786 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCovington township (Lackawanna County), PennsylvaniaUnited States
  8.16
  -6.1%-6.2%
  26.2%33.5%
  6.0%6.2%
  4.1%4.6%
  $38,085$37,638
  $77,786$69,021
  $92,014$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.6%6.8%
  7.8%10.0%
  1.6%2.5%
  16.8%11.0%
  11.3%4.8%
  0.7%0.8%
  1.2%1.9%
  1.9%4.7%
  0.7%1.9%
  4.2%7.6%
  0.0%0.1%
  4.4%4.2%
  18.4%9.3%
  9.6%14.0%
  2.0%2.1%
  3.0%7.0%
  5.2%4.8%
  6.6%4.7%
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