Jermyn, PA is a small city located in Lackawanna County. It is known for its affordable cost of living. For example, the average 2 bedroom rent in Jermyn is only $950 compared to the US average of $1,430. Grocery costs are also extremely affordable with an index of 100 versus 100 in the US. This makes Jermyn an attractive option for people looking to save money. The city is home to several local businesses such as Holmberg Kia which provides quality cars at a reasonable price and Macary Realty Group which offers personalized real estate services. The low prices combined with the presence of local businesses make Jermyn great place for people looking to get more out of their money.
Jermyn has an unemployment rate of 8.1%. The US average is 6.0%.
Jermyn has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Jermyn
- The Sales Tax Rate for Jermyn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jermyn 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 Jermyn
- The average income of a Jermyn resident is $23,470 a year. The US average is $28,555 a year.
- The Median household income of a Jermyn resident is $52,107 a year. The US average is $69,021 a year.