Lakemont, PA is a small borough located within Allegheny County. It has a population of only 4,780 people, making it one of the smaller cities in the greater Pittsburgh area. Despite its small size, Lakemont offers a variety of businesses and amenities to its residents. The cost of living is low compared to much of the rest of Pennsylvania; two-bedroom rents are around $950 per month versus $1,430 in the United States as a whole. Groceries are also relatively inexpensive with an index score for Lakemont at 98 compared to 100 in the U.S. Some popular local businesses include Two Cousins Pizza Parlor, Hilltop Tavern & Grill, Holiday Inn Express Altoona/Lakemont Area, and Aleshire's Auto Repair & Service Center. Whether you're looking for delicious pizza or your car needs some servicing, Lakemont has got you covered!
Lakemont has an unemployment rate of 6.7%. The US average is 6.0%.
Lakemont has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Lakemont
- The Sales Tax Rate for Lakemont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lakemont 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 Lakemont
- The average income of a Lakemont resident is $26,282 a year. The US average is $28,555 a year.
- The Median household income of a Lakemont resident is $51,129 a year. The US average is $69,021 a year.