Lionville, PA is a small community located in the Philadelphia area. The cost of living in Lionville is slightly higher than the US average due to its close proximity to a major metropolitan area. The average 2 bedroom rent in Lionville is $1,980 compared to the national average of $1,430. The Grocery Cost Index is also higher in Lionville at 110 compared to 100 nationally. This may be attributed to local businesses that offer goods and services that are more expensive than their national counterparts. Some notable businesses located in Lionville include Lions Pride Restaurant, Lion's Den Bar & Grill, and Lion's Paw Printing Co. These businesses provide quality goods and services at prices that reflect the higher cost of living in this part of Philadelphia.
Lionville has an unemployment rate of 4.7%. The US average is 6.0%.
Lionville has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Lionville
- The Sales Tax Rate for Lionville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lionville 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 Lionville
- The average income of a Lionville resident is $41,501 a year. The US average is $28,555 a year.
- The Median household income of a Lionville resident is $86,675 a year. The US average is $69,021 a year.