Geneva, PA Economy


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Geneva, PA is a small town in Pennsylvania known for its low cost of living. Rent for a two-bedroom apartment is around $800 which is much less than the national average of $1,430. The grocery cost index in Geneva is also relatively low at 96 versus 100 nationally. Residents can enjoy the outdoors with plenty of green spaces and parks like Mill Creek Park and the popular Pymatuning State Park. Other amenities include local shops and restaurants with several major chain stores situated throughout town such as Walmart, Walgreens, Meijer, Lowe’s and Home Depot. Healthcare facilities are also available with both UPMC Northwest hospital and Corry Memorial Hospital located nearby.

Geneva has an unemployment rate of 7.9%. The US average is 6.0%.

Geneva has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.

Tax Rates for Geneva
- The Sales Tax Rate for Geneva is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva
- The average income of a Geneva resident is $21,223 a year. The US average is $28,555 a year.
- The Median household income of a Geneva resident is $53,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeneva, PennsylvaniaUnited States
  7.96
  -5.3%-6.2%
  12.6%33.5%
  6.0%6.2%
  3.1%4.6%
  $27,755$37,638
  $53,333$69,021
  $76,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.5%6.8%
  6.5%10.0%
  0.0%2.5%
  10.9%11.0%
  6.5%4.8%
  6.5%0.8%
  0.0%1.9%
  0.0%4.7%
  6.5%1.9%
  0.0%7.6%
  0.0%0.1%
  10.9%4.2%
  6.5%9.3%
  23.9%14.0%
  0.0%2.1%
  0.0%7.0%
  8.7%4.8%
  6.5%4.7%
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