King of Prussia, PA is a bustling city located within the Greater Philadelphia area. Home to many large companies such as the renowned pharmaceutical giant Merck & Co., as well as other industry giants such as Comcast, Unisys and Pepperidge Farm, King of Prussia offers plenty of employment opportunities. Furthermore, it's a great place to live due to its comparatively low 2 bedroom rent rate when compared with the national average at $1,910 compared to $1,430. Grocery cost index in King of Prussia is higher than the national average at 108 versus 100. With its close proximity to major cities such as Philadelphia and New York City, King of Prussia offers all amenities that one would expect from a big city but with a small town feel.
King of Prussia has an unemployment rate of 5.6%. The US average is 6.0%.
King of Prussia has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for King of Prussia
- The Sales Tax Rate for King of Prussia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for King of Prussia 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 King of Prussia
- The average income of a King of Prussia resident is $41,811 a year. The US average is $28,555 a year.
- The Median household income of a King of Prussia resident is $98,517 a year. The US average is $69,021 a year.