Redbank township (Armstrong County), PA Economy


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Redbank township (Armstrong Cnty), PA is an excellent place to live with its comparatively low cost of living. The cost of two-bedroom rentals are significantly less than the national average at $850 compared to $1,430 in the United States. Additionally, the grocery cost index in Redbank township (Armstrong Cnty), PA is 97 which is lower than the US average of 100. This makes it more affordable for families to purchase food for their everyday needs as well as any special occasions. Local companies such as Armstrong County Building & Loan Association, Sharon Steel Corporation and R&A Lumber Co can be found providing residents with jobs and services needed within their community. There are plenty of job opportunities available in Redbank township (Armstrong Cnty), PA where locals can find good pay and a great quality of life from within their own community.

Redbank township (Armstrong County) has an unemployment rate of 8.5%. The US average is 6.0%.

Redbank township (Armstrong County) 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 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Redbank township (Armstrong County)
- The Sales Tax Rate for Redbank township (Armstrong County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Redbank township (Armstrong 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 Redbank township (Armstrong County)
- The average income of a Redbank township (Armstrong County) resident is $23,135 a year. The US average is $28,555 a year.
- The Median household income of a Redbank township (Armstrong County) resident is $49,643 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRedbank township (Armstrong County), PennsylvaniaUnited States
  8.56
  -6.9%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $28,206$37,638
  $49,643$69,021
  $67,404$85,028
  Population by Occupation
  5.3%1.2%
  3.9%0.5%
  6.5%6.8%
  15.3%10.0%
  2.5%2.5%
  18.8%11.0%
  2.5%4.8%
  1.8%0.8%
  2.5%1.9%
  2.9%4.7%
  0.6%1.9%
  0.6%7.6%
  0.0%0.1%
  1.8%4.2%
  8.6%9.3%
  8.6%14.0%
  0.0%2.1%
  3.9%7.0%
  10.4%4.8%
  3.5%4.7%
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