Elverson, PA is a small rural town located in Chester County. The cost of living is relatively low compared to the national average with a 2 bedroom rent being $1,040 versus a US 2 bedroom rent of $1,430. Additionally, the grocery cost index in Elverson is 107 which is higher than the US average of 100. Local companies in Elverson include Zemba Bros., Inc., Bergey's Electric and Bargain Barn among others. These businesses serve as pillars of the community and provide essential goods and services to its citizens.
Elverson has an unemployment rate of 4.7%. The US average is 6.0%.
Elverson has seen the job market decrease by -5.9% 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 Elverson
- The Sales Tax Rate for Elverson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elverson 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 Elverson
- The average income of a Elverson resident is $37,112 a year. The US average is $37,638 a year.
- The Median household income of a Elverson resident is $68,000 a year. The US average is $69,021 a year.