Friedensburg, PA is an area that offers a relatively low cost of living compared to most areas in the U.S. The average 2 bedroom rent is $840 compared to the national average of $1,430, representing a 41% savings. Grocery costs are also lower in Friedensburg with an index of 101 compared to 100 for the U.S. overall. This makes Friedensburg a great choice for those looking for value in their housing and amenities. The area is home to several businesses such as Martz Trailways, SP Companies, and Brauns Shoes & Furriers, offering employment options for local residents. With its affordable housing prices and established local companies, Friedensburg provides an attractive living option that appeals to many people looking for a balanced lifestyle at an affordable cost.
Friedensburg has an unemployment rate of 7.8%. The US average is 6.0%.
Friedensburg has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 15.2%, which is lower than the US average of 33.5%.
Tax Rates for Friedensburg
- The Sales Tax Rate for Friedensburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Friedensburg 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 Friedensburg
- The average income of a Friedensburg resident is $35,077 a year. The US average is $37,638 a year.
- The Median household income of a Friedensburg resident is $83,146 a year. The US average is $69,021 a year.