Rankin, PA is a small town located in Western Pennsylvania. With a population of less than 1000 people, it is a peaceful and scenic area with plenty of amenities to enjoy. The cost of living in Rankin is quite affordable, particularly when it comes to rent. 2 Bedroom Rent in Rankin is only $900 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Rankin is 94 versus 100 in the US, making groceries more budget friendly. Local businesses include an auto repair shop called Smith Automotive Services, a hardware store called Rankin Hardware Store & Lumber Co., and a cafe called The Coffee Stop that offers tasty treats and delicious drinks. All in all, Rankin offers residents great amenities at an affordable cost of living.
Rankin has an unemployment rate of 7.1%. The US average is 6.0%.
Rankin 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 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Rankin
- The Sales Tax Rate for Rankin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rankin is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rankin
- The average income of a Rankin resident is $14,089 a year. The US average is $28,555 a year.
- The Median household income of a Rankin resident is $26,114 a year. The US average is $69,021 a year.