Olyphant, PA Economy


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Olyphant, PA is a beautiful town located in Lackawanna County. It is known for its vibrant culture, with plenty of local businesses and attractions. Shoppers can take advantage of the many unique stores, restaurants, museums, and galleries in the area. The monthly rent for two bedroom apartments is very affordable at $1,060 compared to the US average of $1,430. Additionally, grocery costs are equal to the national average. Popular local companies include Olyphant Produce Company and Olyphant Auto Parts. There are also many popular attractions like Steamtown National Historic Site and Electric City Trolley Museum. Furthermore, the town hosts several yearly events such as the St Patrick’s Day parade and Art in the Park festival.

Olyphant has an unemployment rate of 8.1%. The US average is 6.0%.

Olyphant has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Olyphant
- The Sales Tax Rate for Olyphant is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Olyphant 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 Olyphant
- The average income of a Olyphant resident is $26,064 a year. The US average is $28,555 a year.
- The Median household income of a Olyphant resident is $56,475 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOlyphant, PennsylvaniaUnited States
  8.16
  -6.1%-6.2%
  26.2%33.5%
  6.0%6.2%
  4.1%4.6%
  $27,701$37,638
  $56,475$69,021
  $59,208$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.2%6.8%
  17.1%10.0%
  1.7%2.5%
  9.6%11.0%
  4.1%4.8%
  0.0%0.8%
  0.7%1.9%
  2.6%4.7%
  0.0%1.9%
  2.5%7.6%
  0.0%0.1%
  1.3%4.2%
  9.6%9.3%
  20.8%14.0%
  0.4%2.1%
  8.7%7.0%
  5.6%4.8%
  9.0%4.7%
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