Hereford township, PA is a great place to live with many amenities. The 2 bedroom rent in Hereford township is only $1,350 compared to the US average of $1,430 making it a great option for those on a budget. Additionally, the grocery cost index in Hereford township is 102 as opposed to 100 in the US. There are many local companies located here such as New River Motors Inc., Midway Diner & Deli, and Bortz Tire & Automotive. These businesses and their employees help contribute to the local economy and provide jobs for community members.
Hereford township has an unemployment rate of 7.6%. The US average is 6.0%.
Hereford township has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Hereford township
- The Sales Tax Rate for Hereford township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hereford township 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 Hereford township
- The average income of a Hereford township resident is $34,005 a year. The US average is $28,555 a year.
- The Median household income of a Hereford township resident is $88,802 a year. The US average is $69,021 a year.