Hanover borough, PA is a great place to live due to its affordability. The average two-bedroom rent in Hanover borough is a mere $1,110 per month - much lower than the US average of $1,430. Grocery costs in the area are also relatively low; most items cost 5% more than they do in the rest of the country. Local businesses such as Weis Markets, Hanover Foods Corporation, and Utz Quality Foods make it easy for residents to find what they need at an affordable price. All in all, Hanover borough has great economic benefits that make it a desirable place to call home.
Hanover has an unemployment rate of 6.0%. The US average is 6.0%.
Hanover has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Hanover
- The Sales Tax Rate for Hanover is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hanover 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 Hanover
- The average income of a Hanover resident is $26,203 a year. The US average is $28,555 a year.
- The Median household income of a Hanover resident is $56,277 a year. The US average is $69,021 a year.