Lamar, PA is a vibrant city with an active economy and plenty of amenities for its residents. The average rent for a two-bedroom apartment is $930, significantly lower than the national average of $1,430, making it an attractive place to live. Grocery prices in Lamar are slightly higher than the national index at 101 versus 100. Many local businesses have made their home in Lamar, including Lamar Town Hall and Lamar Office Supply, which offer much needed services to locals. Other popular businesses include cafes such as Bob's Coffee Shop and Joe's Pizza Parlor. Together these businesses help sustain a strong local economy and provide jobs for many of the city's residents.
Lamar has an unemployment rate of 7.8%. The US average is 6.0%.
Lamar has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for Lamar
- The Sales Tax Rate for Lamar is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lamar 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 Lamar
- The average income of a Lamar resident is $23,005 a year. The US average is $28,555 a year.
- The Median household income of a Lamar resident is $66,944 a year. The US average is $69,021 a year.