Parks, PA Economy


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Parks, PA is a small town located in the United States. It has a population of X (population removed). It is known for its low costs of living compared to other areas. When it comes to rent, 2 bedroom apartments in Parks, PA cost around $820 a month where as the same type of apartment in the US would cost around $1,430 a month. The Grocery Cost Index in Parks, PA is 95 versus 100 in the US. This means that residents can save money on their groceries when they live here. Local businesses include XYZ Corporation, ABC Industries, and DEF Incorporated. Overall living in Parks, PA is very affordable due to lower prices on rental properties and groceries which makes it a great place to live.

Parks has an unemployment rate of 8.5%. The US average is 6.0%.

Parks has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Parks
- The Sales Tax Rate for Parks is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parks 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 Parks
- The average income of a Parks resident is $23,714 a year. The US average is $28,555 a year.
- The Median household income of a Parks resident is $57,151 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParks, PennsylvaniaUnited States
  8.56
  -6.9%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $29,618$37,638
  $57,151$69,021
  $69,286$85,028
  Population by Occupation
  0.0%1.2%
  0.6%0.5%
  6.9%6.8%
  30.9%10.0%
  0.0%2.5%
  6.7%11.0%
  3.7%4.8%
  1.6%0.8%
  1.2%1.9%
  2.9%4.7%
  2.4%1.9%
  5.8%7.6%
  0.2%0.1%
  7.2%4.2%
  3.5%9.3%
  12.3%14.0%
  0.7%2.1%
  5.3%7.0%
  6.8%4.8%
  1.3%4.7%
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