Folsom, Pennsylvania is a town located in Delaware County. The cost of living in Folsom is slightly higher than the national average, with the average rent for a two bedroom being $1,580 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Folsom is 104 versus 100 in the US. \nThe town of Folsom offers many local attractions such as the C&D Canal Conservation Area which features a hiking and biking trails along with kayaking activities. Other popular local spots include Pettinato's Tavern & Grill for a unique dining experience; Folsom Tree Farm to pick your own Christmas tree or pumpkin; and Kist Farms for some farm fresh produce during fall. For those looking for something fun to do indoors, there's The Grand Escape Room and E-Gaming & Sports Lounge for escape rooms and video games. There are also several local businesses such as PFM Financial Services Group that provide financial services; Doylestown Orthodontics that offer orthodontic treatments; and MRS Enterprises that specializes in property management.
Folsom has an unemployment rate of 7.1%. The US average is 6.0%.
Folsom has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Folsom
- The Sales Tax Rate for Folsom is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Folsom is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Folsom
- The average income of a Folsom resident is $38,596 a year. The US average is $37,638 a year.
- The Median household income of a Folsom resident is $87,532 a year. The US average is $69,021 a year.