Galeton, PA is a small town located in Potter County. Despite its small size, Galeton has plenty to offer residents and visitors. Residents can enjoy the low cost of living that comes with the town, including rent for a 2 bedroom which averages at $820 compared to $1,430 nationally. Grocery costs are also especially attractive for those looking to save some money as the Grocery Cost Index in Galeton is 97 versus 100 in the US. The town is home to several businesses like M & K Tool & Die and C&N Components Corporation, as well as many attractions such as Pine Creek Valley Railroad Company, which offers scenic train rides along Pine Creek Gorge. Residents can also visit Cherry Springs State Park, known for its night sky stargazing opportunities and park-sponsored events year round.
Galeton has an unemployment rate of 8.5%. The US average is 6.0%.
Galeton has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Galeton
- The Sales Tax Rate for Galeton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Galeton 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 Galeton
- The average income of a Galeton resident is $25,992 a year. The US average is $37,638 a year.
- The Median household income of a Galeton resident is $43,309 a year. The US average is $69,021 a year.