Ferndale, PA Economy


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Ferndale, PA is an ideal place to live for those looking for a balance between affordability and convenience. On average, 2 bedroom rent in Ferndale is $880 per month, making it considerably cheaper than the national average of $1,430. Additionally, the cost of groceries is 4% less than the national average. There are plenty of local businesses that make living in Ferndale convenient. Examples include Mom's Kitchen Restaurant & Pizzeria and Higgins Hardware Store & Service Center. The close-knit nature of the community and lower living costs makes Ferndale an attractive place to reside.

Ferndale has an unemployment rate of 8.1%. The US average is 6.0%.

Ferndale has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.

Tax Rates for Ferndale
- The Sales Tax Rate for Ferndale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ferndale 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 Ferndale
- The average income of a Ferndale resident is $20,233 a year. The US average is $28,555 a year.
- The Median household income of a Ferndale resident is $47,177 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFerndale, PennsylvaniaUnited States
  8.16
  -7.2%-6.2%
  15.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $26,710$37,638
  $47,177$69,021
  $52,500$85,028
  Population by Occupation
  0.1%1.2%
  1.0%0.5%
  3.9%6.8%
  8.7%10.0%
  1.3%2.5%
  12.3%11.0%
  6.5%4.8%
  0.0%0.8%
  3.4%1.9%
  3.7%4.7%
  1.5%1.9%
  2.4%7.6%
  0.0%0.1%
  1.4%4.2%
  6.9%9.3%
  23.4%14.0%
  0.7%2.1%
  13.2%7.0%
  6.2%4.8%
  3.5%4.7%
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