Prospect, PA is a great place to live! The cost of living is lower than the national average with a two bedroom rent being $1,050. This makes Prospect an affordable place for those looking to save money while still living in comfort. Grocery costs in Prospect are also lower than the national average index at 104 versus 100.
Residents of Prospect have access to a wide range of amenities including local businesses such as Amici Italian Cafe which serves delicious meals made from locally sourced ingredients, Keystone Realty Group offering real estate services and K&M Automotive Solutions providing auto service. There are also plenty of restaurants, shops, parks and other recreational areas making Prospect a wonderful place to call home!
Prospect has an unemployment rate of 6.4%. The US average is 6.0%.
Prospect 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 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Prospect
- The Sales Tax Rate for Prospect is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Prospect 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 Prospect
- The average income of a Prospect resident is $24,586 a year. The US average is $28,555 a year.
- The Median household income of a Prospect resident is $72,202 a year. The US average is $69,021 a year.