Hooversville, PA Economy


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Hooversville, PA is a small town located in southwestern Pennsylvania. It is known for its vibrant downtown area, with many restaurants, shops and local businesses. The cost of living in Hooversville is lower than the US on average, making it an attractive option for those seeking affordable housing. According to the data given, the 2-bedroom rent in Hooversville is $840 per month, which is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in Hooversville is 96 compared to 100 in the US. Local companies include Hooversville Mill & Feeds, Corpina Auto Repair and Supply Co., and Mud Lick Logistics LLC. In summary, Hooversville offers a low cost of living with access to local businesses that meet residents' needs.

Hooversville has an unemployment rate of 7.9%. The US average is 6.0%.

Hooversville has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.

Tax Rates for Hooversville
- The Sales Tax Rate for Hooversville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hooversville 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 Hooversville
- The average income of a Hooversville resident is $22,174 a year. The US average is $37,638 a year.
- The Median household income of a Hooversville resident is $43,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHooversville, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health
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