Madison township (Lackawanna County), PA Economy


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Madison township (Lackawanna Cnty), PA is a great place to live and work. The 2 bedroom rent in Madison township is $1,020 which is much lower than the national average of $1,430. It also offers an affordable grocery cost index at 103 vs 100 in the US. Local companies such as FNCB Bank, Geisinger Community Medical Center, and Allied Services Integrated Health Systems are popular employers who hire local residents. The township's convenient location makes it easy for people to get around and enjoy all that the area has to offer.

Madison township (Lackawanna County) has an unemployment rate of 8.1%. The US average is 6.0%.

Madison township (Lackawanna County) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Madison township (Lackawanna County)
- The Sales Tax Rate for Madison township (Lackawanna County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madison township (Lackawanna County) 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 Madison township (Lackawanna County)
- The average income of a Madison township (Lackawanna County) resident is $32,671 a year. The US average is $37,638 a year.
- The Median household income of a Madison township (Lackawanna County) resident is $72,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMadison township (Lackawanna County), PennsylvaniaUnited States
  8.16
  -6.1%-6.2%
  26.2%33.5%
  6.0%6.2%
  4.1%4.6%
  $32,671$37,638
  $72,750$69,021
  $86,958$85,028
  Population by Occupation
  1.6%1.2%
  0.3%0.5%
  8.9%6.8%
  12.2%10.0%
  2.4%2.5%
  10.4%11.0%
  7.6%4.8%
  2.3%0.8%
  0.5%1.9%
  3.8%4.7%
  0.3%1.9%
  3.7%7.6%
  0.0%0.1%
  6.7%4.2%
  9.0%9.3%
  13.4%14.0%
  3.0%2.1%
  6.0%7.0%
  2.8%4.8%
  5.2%4.7%
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