Hampden, PA is an idyllic town located just west of Philadelphia. The community offers its residents a small-town feel with access to big city amenities. Renting a two bedroom apartment in Hampden costs around $1,480 per month, which is slightly higher than the US average of $1,430 for the same size apartment. Grocery prices are also higher in Hampden with a grocery cost index of 106 compared to 100 in the US as a whole. Several large companies have set up shop in Hampden such as Reebok, FMC Corporation, and Stryker Sustainability Solutions. Despite these amenities and local businesses, the overall cost of living remains below that of major cities like Philadelphia and New York due to lower rent and food costs.
Hampden has an unemployment rate of 3.9%. The US average is 6.0%.
Hampden has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Hampden
- The Sales Tax Rate for Hampden is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hampden is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hampden
- The average income of a Hampden resident is $43,812 a year. The US average is $28,555 a year.
- The Median household income of a Hampden resident is $96,720 a year. The US average is $69,021 a year.