East Penn, PA is an interesting town located in the Lehigh Valley region of Pennsylvania. It is a popular residential area due to its close proximity to Philadelphia, Allentown and Reading. Local businesses include Weis Markets and Giant Food Stores for groceries, Kinetico for plumbing services, Outback Steakhouse for dining out, and Valley Woodworking for custom furniture. The cost of living in East Penn is slightly lower than the US average: rental costs are about 20% less with 2 bedroom rents at $1120/month compared to $1430/month nationally; likewise, the Grocery Cost Index for East Penn is 103 versus 100 in the US. All these factors make East Penn an attractive place to live.
East Penn has an unemployment rate of 7.9%. The US average is 6.0%.
East Penn has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for East Penn
- The Sales Tax Rate for East Penn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for East Penn 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 East Penn
- The average income of a East Penn resident is $26,712 a year. The US average is $28,555 a year.
- The Median household income of a East Penn resident is $78,333 a year. The US average is $69,021 a year.