Gregg township (Centre County), PA Economy


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Gregg township (Centre Cnty), PA is a small town with a population of just under 8,000 people. It offers all the comforts of home while being conveniently located close to larger cities like State College and Altoona. Two bedroom rents in Gregg township are significantly lower than the US average at $1,160 per month. Additionally, the Grocery Cost Index is higher than the US average due to its rural location. Major employers in the area include Penn Highlands Health System, Your Home Public Library, First National Bank, and BB&T Bank. Numerous other businesses line Main Street including grocery stores, restaurants and cafes, local boutiques, dry cleaners, barbershops and salons. With so much to offer it's no wonder that Gregg township (Centre County) is such a desirable place to live.

Gregg township (Centre County) has an unemployment rate of 4.9%. The US average is 6.0%.

Gregg township (Centre County) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for Gregg township (Centre County)
- The Sales Tax Rate for Gregg township (Centre County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gregg township (Centre County) is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Gregg township (Centre County)
- The average income of a Gregg township (Centre County) resident is $22,536 a year. The US average is $28,555 a year.
- The Median household income of a Gregg township (Centre County) resident is $50,234 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGregg township (Centre County), PennsylvaniaUnited States
  4.96
  -6.9%-6.2%
  27.3%33.5%
  6.0%6.2%
  4.9%4.6%
  $32,370$37,638
  $50,234$69,021
  $60,197$85,028
  Population by Occupation
  3.2%1.2%
  0.0%0.5%
  8.6%6.8%
  11.0%10.0%
  0.5%2.5%
  12.6%11.0%
  4.9%4.8%
  0.0%0.8%
  0.0%1.9%
  3.2%4.7%
  1.0%1.9%
  6.4%7.6%
  0.0%0.1%
  2.9%4.2%
  15.8%9.3%
  15.8%14.0%
  0.8%2.1%
  2.2%7.0%
  4.4%4.8%
  6.6%4.7%
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