Port Allegany, PA is a small town located in McKean County. It is known for its beautiful countryside, charming downtown area, and friendly residents. The cost of living in Port Allegany is much lower than the US average, as 2 bedroom rent averages at $840 while the national average stands at $1,430. Grocery costs are also significantly lower in Port Allegany with a cost index of 95 compared to 100 in the US. \nLocal companies and stores that can be found in Port Allegany include Ted's Market, NAPA Auto Parts, Dairy Queen, Country Kettle Ice Cream shop, and Stevens True Value Hardware store. Residents enjoy frequenting these local businesses and taking part in community events around town.
Port Allegany has an unemployment rate of 8.0%. The US average is 6.0%.
Port Allegany has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.
Tax Rates for Port Allegany
- The Sales Tax Rate for Port Allegany is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Port Allegany 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 Port Allegany
- The average income of a Port Allegany resident is $31,267 a year. The US average is $37,638 a year.
- The Median household income of a Port Allegany resident is $54,909 a year. The US average is $69,021 a year.