Mount Penn, PA is a small town located in Berks County near Reading. It is popular among young families due to its scenic views, affordable housing, and the close proximity to cities like Philadelphia and Allentown. Local businesses in Mount Penn include a variety of convenience stores such as 7-11, local restaurants like Mama's Pizzeria and Joe's Bar & Grill, as well as movie theaters like AMC Theatres. Compared to other parts of the United States, 2 Bedroom rent in Mount Penn is relatively cheaper at $1250 while the national average stands at $1430. Grocery cost indexing also shows that items cost around 3% less than they do on average across the country.
Mount Penn has an unemployment rate of 7.6%. The US average is 6.0%.
Mount Penn has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Mount Penn
- The Sales Tax Rate for Mount Penn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Penn 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 Mount Penn
- The average income of a Mount Penn resident is $22,949 a year. The US average is $28,555 a year.
- The Median household income of a Mount Penn resident is $56,210 a year. The US average is $69,021 a year.