Damascus, PA is a small town located in Montgomery County. It has a population of approximately 2,360 people. The town offers many amenities for its residents including restaurants, grocery stores, coffee shops, banks, and other retail outlets. The average two-bedroom rent in Damascus is $1,110 per month which is significantly lower than the national average of $1,430. In addition to lower rental costs, the Grocery Cost Index in Damascus is 103 versus 100 nationally so groceries tend to be more affordable than other areas.
Residents of Damascus have access to several local businesses such as Philadelphia Salami Company which sells gourmet meats and cheeses; Matchless Brewing Co., an artisanal brewery; The Cheese Ball Lady which provides custom cheese balls for special occasions; Puddle Jumper Kids Boutique offering clothing for children from newborn to 5T; and Delightful Creations providing custom cakes for all occasions.
Overall Damascus offers a low cost of living compared to more populous cities in Pennsylvania and throughout the US. Residents enjoy lower rental costs and grocery prices along with access to local businesses that provide unique products and services to make this small town one of the best places to live in Montgomery Country.
Damascus has an unemployment rate of 8.3%. The US average is 6.0%.
Damascus has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Damascus
- The Sales Tax Rate for Damascus is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Damascus 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 Damascus
- The average income of a Damascus resident is $42,006 a year. The US average is $37,638 a year.
- The Median household income of a Damascus resident is $63,194 a year. The US average is $69,021 a year.