Graceton, PA is a small city located in the northwest region of Pennsylvania, known for its affordable living costs. The average 2 bedroom rent in Graceton is $810 per month which is significantly cheaper than the US national average of $1,430. The grocery cost index here is also lower than other cities with 97 compared to 100 in the US. It's low living costs make Graceton an attractive area to live in for those on a budget. Some local businesses that help give the city its character are Sondra's Place, a family owned restaurant known for their delicious home cooked meals; Berry's Floral Design, an award winning flower shop; McCoy Automotive Center, a full service auto repair shop; and Flynn Electric Co., an experienced electrical contractor.
Graceton has an unemployment rate of 7.7%. The US average is 6.0%.
Graceton has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 9.2%, which is lower than the US average of 33.5%.
Tax Rates for Graceton
- The Sales Tax Rate for Graceton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Graceton 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 Graceton
- The average income of a Graceton resident is $34,866 a year. The US average is $37,638 a year.
- The Median household income of a Graceton resident is $0 a year. The US average is $69,021 a year.