New Hanover, PA is a small town in Pennsylvania that offers its residents an affordable cost of living without sacrificing quality. The average 2-bedroom rent in New Hanover is $1,330 while the national average is $1,430, making it a great place to find an affordable home. The grocery cost index in New Hanover is also 106 versus 100 nationally, making it more affordable than the rest of the country. Local businesses like Lebanon Valley Electronics and Four Seasons Farm Market are popular among residents of New Hanover for their quality products and reasonable prices. This town provides its residents with a great combination of affordability and quality making it a desirable location for those looking for a place to call home.
New Hanover has an unemployment rate of 5.6%. The US average is 6.0%.
New Hanover has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for New Hanover
- The Sales Tax Rate for New Hanover is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Hanover is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Hanover
- The average income of a New Hanover resident is $50,704 a year. The US average is $37,638 a year.
- The Median household income of a New Hanover resident is $118,488 a year. The US average is $69,021 a year.