Madison township (Armstrong County), PA Economy


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Madison township (Armstrong Cnty), PA is a small suburban area located in the northwestern part of Pennsylvania. It has a population of about 7,000 people and offers many amenities for residents. There are several large companies in the area such as Armstrong County General Hospital, Armstrong Cable, and Armstrong Flooring. The cost of living is relatively low compared to other parts of the state with an average two-bedroom rent of $810 per month compared to the US at $1,430. Grocery costs are also lower with an index score of 96 versus 100 in the US. In addition to being cost-effective, Madison township has plenty of local attractions such as the Armstrong County Museum and Park, Glade Run Lake Recreational Area, Allegheny Valley trails, and Kiski Riverfront Park.

Madison township (Armstrong County) has an unemployment rate of 8.5%. The US average is 6.0%.

Madison township (Armstrong County) 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 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Madison township (Armstrong County)
- The Sales Tax Rate for Madison township (Armstrong County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madison township (Armstrong 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 (Armstrong County)
- The average income of a Madison township (Armstrong County) resident is $21,728 a year. The US average is $28,555 a year.
- The Median household income of a Madison township (Armstrong County) resident is $44,635 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMadison township (Armstrong County), PennsylvaniaUnited States
  8.56
  -6.9%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $26,957$37,638
  $44,635$69,021
  $63,594$85,028
  Population by Occupation
  3.3%1.2%
  3.5%0.5%
  5.3%6.8%
  14.7%10.0%
  0.8%2.5%
  13.2%11.0%
  7.6%4.8%
  0.5%0.8%
  0.0%1.9%
  1.8%4.7%
  0.0%1.9%
  3.0%7.6%
  0.0%0.1%
  3.5%4.2%
  5.8%9.3%
  21.3%14.0%
  0.0%2.1%
  3.3%7.0%
  10.4%4.8%
  2.0%4.7%
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