Monaghan, PA Economy


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Monaghan, PA is a small town located in Pennsylvania. It is known for its affordable living costs, with 2 bedroom rent at only $1,140 compared to the US average of $1,430. Grocery cost index in Monaghan is also favorable with 106 versus 100 for the national average. This makes Monaghan an attractive place to live and work. There are many businesses located in Monaghan such as McAnulty's Pub and Grill, Brian's Automotive Repair Services, and JMC Landscaping & Lawn Care LLC, which provide goods and services to locals and tourists alike.

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

Monaghan has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Monaghan
- The Sales Tax Rate for Monaghan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monaghan is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Monaghan
- The average income of a Monaghan resident is $35,524 a year. The US average is $28,555 a year.
- The Median household income of a Monaghan resident is $95,040 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonaghan, PennsylvaniaUnited States
  66
  -5.6%-6.2%
  27.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $46,976$37,638
  $95,040$69,021
  $102,500$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  7.8%6.8%
  3.4%10.0%
  3.3%2.5%
  15.9%11.0%
  8.4%4.8%
  0.2%0.8%
  0.3%1.9%
  6.1%4.7%
  1.6%1.9%
  5.7%7.6%
  1.0%0.1%
  3.8%4.2%
  8.0%9.3%
  23.0%14.0%
  0.3%2.1%
  3.0%7.0%
  4.5%4.8%
  3.1%4.7%
Health
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