Lackawannock, PA is a small town which offers affordable living, with the average two bedroom rent being $860 compared to the US average of $1,430. The town also offers great value for groceries as the grocery cost index in Lackawannock is 99 versus 100 in the US. There are a number of local companies and attractions that make Lackawannock a great place to live. Local businesses include Louse Law Offices and Grahamsville Metal Products, while popular attractions include the Lackawanna Valley Rail-trail and The Electric City Trolley Museum & Station Park. With its friendly people, quaint atmosphere, and economical prices, Lackawannock is an ideal place for anyone looking to settle down in Pennsylvania.
Lackawannock has an unemployment rate of 8.4%. The US average is 6.0%.
Lackawannock has seen the job market decrease by -6.9% 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 Lackawannock
- The Sales Tax Rate for Lackawannock is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lackawannock 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 Lackawannock
- The average income of a Lackawannock resident is $26,622 a year. The US average is $37,638 a year.
- The Median household income of a Lackawannock resident is $52,852 a year. The US average is $69,021 a year.