Old Lycoming, PA is a community located in Pennsylvania with a population of approximately 10,000 people. It is known for being a peaceful and family-friendly area. The rental market in Old Lycoming is quite affordable, with two-bedroom apartments generally costing around $1,030 per month compared to the US average of $1,430. In addition to more affordable rental prices, the grocery cost index in Old Lycoming is also lower than the US average.
The local economy of Old Lycoming relies on businesses such as Penn College of Technology which offers degrees in various fields such as health sciences and engineering; Susquehanna Health which is a regional healthcare system providing care services to over 600k people; and Weis Markets, a supermarket chain that has been operating since 1912. It is also home to some of the best schools in the area such as the Old Lycoming School District which has received an Excellence In Education award from the Pennsylvania school board association for 16 consecutive years. Furthermore, it has many outdoor recreation options from hiking trails at Loyalsock Creek to biking paths along Heshbon Park. Old Lycoming truly provides its residents with ample opportunities to work and play alike!
Old Lycoming has an unemployment rate of 7.8%. The US average is 6.0%.
Old Lycoming has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Old Lycoming
- The Sales Tax Rate for Old Lycoming is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Old Lycoming is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Old Lycoming
- The average income of a Old Lycoming resident is $31,153 a year. The US average is $37,638 a year.
- The Median household income of a Old Lycoming resident is $50,395 a year. The US average is $69,021 a year.