Penn Estates, PA is an up and coming town located in the east side of the state. With great weather, quality schools and thriving businesses, Penn Estates is quickly becoming one of the most desirable towns to live in. Residents can take advantage of the affordable two-bedroom rent which is $1,350 compared to the US average of $1,430. The grocery cost index in Penn Estates is also cheaper than in other parts of the country at 102 compared to 100 in the US. There are many companies that contribute to Penn Estates' growth such as Verizon Wireless and KFC. Verizon Wireless offers a wide range of communication services such as high speed internet and cell phone plans while KFC provides fast-food options for local residents. Both companies demonstrate how much Penn Estates has to offer its inhabitants and visitors alike.
Penn Estates has an unemployment rate of 8.7%. The US average is 6.0%.
Penn Estates has seen the job market increase by 0.1% 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 Penn Estates
- The Sales Tax Rate for Penn Estates is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Penn Estates is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Penn Estates
- The average income of a Penn Estates resident is $22,695 a year. The US average is $28,555 a year.
- The Median household income of a Penn Estates resident is $82,647 a year. The US average is $69,021 a year.