Lower Gwynedd, PA is a small suburb located just outside of Philadelphia. It's a great place to live for those who want to be close to the city without being in the hustle and bustle of downtown. The 2 bedroom rent in Lower Gwynedd is $1,660 compared to the US average of $1,430, making this area more expensive than normal for rental prices. Additionally, grocery costs are higher with an index of 111 versus 100 in the US.
Lower Gwynedd has many local companies that help make this town unique. Local favorites include Abington Art Center which hosts art exhibitions and classes and Valiant Brewing Company which brews craft beer year round. There are also lots of green spaces in Lower Gwynedd such as Penllyn Woods Park and Upper Gwynnedd Township Park which are great places to take a stroll or enjoy some outdoor activities.
Lower Gwynedd has an unemployment rate of 5.6%. The US average is 6.0%.
Lower Gwynedd has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Lower Gwynedd
- The Sales Tax Rate for Lower Gwynedd is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lower Gwynedd 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 Lower Gwynedd
- The average income of a Lower Gwynedd resident is $63,863 a year. The US average is $28,555 a year.
- The Median household income of a Lower Gwynedd resident is $117,684 a year. The US average is $69,021 a year.