Polk borough, PA is an attractive area for those looking to settle down. It has a unique local charm that many love, with plenty of shops, restaurants, and other amenities to enjoy. The cost of living in Polk borough is much lower than US averages, particularly in terms of housing costs. The average 2 bedroom rent in Polk borough is only $900 compared to the U.S. average of $1,430 per month. Additionally, the grocery cost index in Polk borough is 96 versus 100 in the US, indicating resident can save money on food as well as housing. Notable companies located in Polk borough include Sykes Enterprises Incorporated and Streamlight Inc., both providing job opportunities in the area.
Polk borough (Venango County) has an unemployment rate of 8.1%. The US average is 6.0%.
Polk borough (Venango County) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 9.5%, which is lower than the US average of 33.5%.
Tax Rates for Polk borough (Venango County)
- The Sales Tax Rate for Polk borough (Venango County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Polk borough (Venango County) 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 Polk borough (Venango County)
- The average income of a Polk borough (Venango County) resident is $17,748 a year. The US average is $37,638 a year.
- The Median household income of a Polk borough (Venango County) resident is $48,333 a year. The US average is $69,021 a year.