McVeytown, PA Economy


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McVeytown, PA is a small town in the western part of the state. It is home to many local businesses, such as McVeytown Hardware, McVeytown Grill & Catering, and Buzzy's Bar & Grill. The town has an affordable cost of living compared to the US average, with 2 bedroom rent costing $810 compared to $1,430 in the US. Additionally, grocery costs are just as affordable with a cost index of 100 compared to the US's 100. McVeytown is close to several other towns including Lewistown, Mifflintown and Belleville which are all easily accessible by car.

McVeytown has an unemployment rate of 6.9%. The US average is 6.0%.

McVeytown has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.7%, which is lower than the US average of 33.5%.

Tax Rates for McVeytown
- The Sales Tax Rate for McVeytown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for McVeytown is 4.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for McVeytown
- The average income of a McVeytown resident is $32,119 a year. The US average is $37,638 a year.
- The Median household income of a McVeytown resident is $62,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMcVeytown, PennsylvaniaUnited States
  6.96
  -3.4%-6.2%
  20.7%33.5%
  6.0%6.2%
  4.4%4.6%
  $32,119$37,638
  $62,000$69,021
  $78,542$85,028
  Population by Occupation
  1.6%1.2%
  2.2%0.5%
  5.4%6.8%
  29.3%10.0%
  0.0%2.5%
  6.5%11.0%
  4.9%4.8%
  0.0%0.8%
  0.0%1.9%
  2.7%4.7%
  1.1%1.9%
  2.7%7.6%
  0.0%0.1%
  0.0%4.2%
  12.0%9.3%
  17.9%14.0%
  0.0%2.1%
  8.2%7.0%
  5.4%4.8%
  0.0%4.7%
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