Forest City, PA is a small borough located in Northeastern Pennsylvania. It is known for its low cost of living, making it an ideal place to live for those looking to save money. The average two-bedroom rent in Forest City is $840, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Forest City stands at 97 versus 100 in the US - making groceries more affordable here than in other places.
Some top businesses in Forest City include Northcentral Electrical Distribution Company Inc., Tkach's Service Center, and Mericle Commercial Real Estate Services. All three companies are renowned for their excellent customer service and top-notch products. With such great local businesses and a low cost of living, Forest City has become a popular destination for budget-minded folks looking to settle down in Northeastern Pennsylvania.
Forest City has an unemployment rate of 6.7%. The US average is 6.0%.
Forest City has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Forest City
- The Sales Tax Rate for Forest City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forest 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 Forest City
- The average income of a Forest City resident is $20,754 a year. The US average is $28,555 a year.
- The Median household income of a Forest City resident is $50,357 a year. The US average is $69,021 a year.