Ellwood City, PA is a small town with a population of about 8,500 located near the Ohio border. It offers residents affordable rent and cost of living compared to the national average. The two bedroom rent price in Ellwood City is $920 which is $510 less than the US average of $1,430. In addition, the Grocery Cost Index in Ellwood City is 97 versus 100 nationally, making it an ideal place for those looking for an inexpensive lifestyle. \nLocal companies that are found in Ellwood City include Ellwood National Forge Co., Connected Technologies Inc., The Richard A Zaucha Funeral Home as well as many small local businesses. Residents can benefit from all these amenities without having to worry about high costs of living.
Ellwood City has an unemployment rate of 9.3%. The US average is 6.0%.
Ellwood City has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Ellwood City
- The Sales Tax Rate for Ellwood City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ellwood City 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 Ellwood City
- The average income of a Ellwood City resident is $22,837 a year. The US average is $28,555 a year.
- The Median household income of a Ellwood City resident is $53,317 a year. The US average is $69,021 a year.