Hermitage, PA Economy


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Hermitage, PA is a thriving suburb located in Mercer County. It is known for its affordable housing, with two bedroom rent being approximately $910 compared to the national average of $1,430. It also provides great opportunities for shopping with its grocery cost index at 98 versus 100 nationally. The city has some notable attractions for residents including Shenango Valley Mall and Buhl Farm Park. Residents can also enjoy local restaurants such as the Quaker Steak & Lube and El Charro Mexicano Grill. There are also several employers in the area such as ARI Network Services, AK Steel Holding Corporation, Walmart Supercenter, and more. Hermitage offers an excellent balance of affordability and amenities sure to satisfy all types of families and lifestyles.

Hermitage has an unemployment rate of 8.4%. The US average is 6.0%.

Hermitage has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.

Tax Rates for Hermitage
- The Sales Tax Rate for Hermitage is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hermitage is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hermitage
- The average income of a Hermitage resident is $29,136 a year. The US average is $28,555 a year.
- The Median household income of a Hermitage resident is $57,051 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHermitage, PennsylvaniaUnited States
  8.46
  -6.9%-6.2%
  12.6%33.5%
  6.0%6.2%
  5.3%4.6%
  $36,326$37,638
  $57,051$69,021
  $77,451$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.7%6.8%
  15.5%10.0%
  1.6%2.5%
  12.4%11.0%
  3.3%4.8%
  1.1%0.8%
  0.7%1.9%
  4.6%4.7%
  1.4%1.9%
  5.5%7.6%
  0.0%0.1%
  2.1%4.2%
  10.1%9.3%
  22.4%14.0%
  1.3%2.1%
  6.5%7.0%
  3.9%4.8%
  4.0%4.7%
Reviews for Hermitage
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Over 15 years ago

Hermitage is within 20 miles of 4 state parks. Three of the parks have beautiful lakes for boating and swimming. The other is known for it's hiking and climbing.   More

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