Downingtown, PA is a great place to live due to its low cost of living. The 2 bedroom rent in Downingtown is just $1,630 compared to the US average of $1,430, while the grocery cost index in Downingtown is 108 versus 100 in the US. It's also home to many great companies such as Day & Zimmermann, EMR Group Inc., Sunoco Logistics Partners LP, Air Ventures Hot Air Balloon Rides and The Dump Furniture Outlet. Additionally, there are several local restaurants and entertainment venues in the area as well. All this makes Downingtown a great place to live or visit.
Downingtown has an unemployment rate of 4.7%. The US average is 6.0%.
Downingtown 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 Downingtown
- The Sales Tax Rate for Downingtown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Downingtown 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 Downingtown
- The average income of a Downingtown resident is $30,750 a year. The US average is $28,555 a year.
- The Median household income of a Downingtown resident is $72,669 a year. The US average is $69,021 a year.