Hickory, PA has a rent price that is almost $500 below the national average, making it very attractive for those looking for affordability when renting a two bedroom apartment. Economic activity in Hickory is driven by local companies such as DeFluri's Food Market, Hickory Veterinary Hospital, and Hickory Cleaners. In addition to lower rent prices, the cost of groceries is also lower than the national average due to the grocery cost index being 101 compared to the US index of 100. All of this makes Hickory an attractive location for those looking to save money on monthly costs while still enjoying all the amenities of a small rural town.
Hickory has an unemployment rate of 7.9%. The US average is 6.0%.
Hickory 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 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Hickory
- The Sales Tax Rate for Hickory is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hickory is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hickory
- The average income of a Hickory resident is $30,961 a year. The US average is $28,555 a year.
- The Median household income of a Hickory resident is $70,833 a year. The US average is $69,021 a year.