Lake Latonka, PA Economy


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Lake Latonka, PA is a small town located in Pennsylvania. It is known for its scenic views and abundance of outdoor activities. The area has a population of about 4,000 people and offers a variety of amenities such as grocery stores, restaurants, and parks. Rent for two-bedroom apartments in the area averages around $850 per month, which is significantly lower than the national average of $1,430. The grocery cost index in Lake Latonka is 99 compared to 100 nationally. Some local companies that can be found in Lake Latonka are LaTonka Fish Market, Lickety Split Ice Cream Parlor, and Kingswood Bicycle Repair Shop.

Lake Latonka has an unemployment rate of 8.4%. The US average is 6.0%.

Lake Latonka has seen the job market decrease by -1.4% 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 Lake Latonka
- The Sales Tax Rate for Lake Latonka is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Latonka 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 Lake Latonka
- The average income of a Lake Latonka resident is $57,249 a year. The US average is $28,555 a year.
- The Median household income of a Lake Latonka resident is $75,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake Latonka, PennsylvaniaUnited States
  8.46
  -6.9%-6.2%
  12.6%33.5%
  6.0%6.2%
  3.1%4.6%
  $49,459$37,638
  $75,750$69,021
  $101,458$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  13.7%6.8%
  22.2%10.0%
  4.4%2.5%
  12.0%11.0%
  3.2%4.8%
  0.9%0.8%
  0.0%1.9%
  6.7%4.7%
  1.2%1.9%
  6.4%7.6%
  0.0%0.1%
  1.8%4.2%
  7.0%9.3%
  6.7%14.0%
  1.5%2.1%
  2.0%7.0%
  4.7%4.8%
  5.6%4.7%
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