Redstone, PA Economy


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Redstone, PA is a quaint community located in the Susquehanna Valley. The town offers plenty of amenities for its citizens, including low rent costs. On average, 2 bedroom apartments cost around $940 per month, significantly lower than the national average of $1,430. Groceries are also much less expensive in Redstone compared to other parts of the country with a grocery cost index of 95 versus 100 in the US. Redstone is home to several notable businesses such as Acme Brick Company and White's Farm Market which offer locals quality products and services. There are many parks in town where people can enjoy outdoor activities year-round. Overall, Redstone is an attractive option for people looking for a low-cost place to live that still has plenty of job opportunities and recreational activities available.

Redstone has an unemployment rate of 10.2%. The US average is 6.0%.

Redstone 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 21.0%, which is lower than the US average of 33.5%.

Tax Rates for Redstone
- The Sales Tax Rate for Redstone is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Redstone 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 Redstone
- The average income of a Redstone resident is $17,566 a year. The US average is $28,555 a year.
- The Median household income of a Redstone resident is $40,720 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRedstone, PennsylvaniaUnited States
  10.26
  -7.0%-6.2%
  21.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $26,504$37,638
  $40,720$69,021
  $58,873$85,028
  Population by Occupation
  1.6%1.2%
  2.7%0.5%
  8.4%6.8%
  14.5%10.0%
  2.4%2.5%
  17.1%11.0%
  4.1%4.8%
  0.9%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  4.5%7.6%
  0.0%0.1%
  9.1%4.2%
  5.0%9.3%
  17.7%14.0%
  0.0%2.1%
  3.7%7.0%
  4.4%4.8%
  4.0%4.7%
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