Rice, PA is a small town located in Montgomery County with a population of over 600 people. It is known for its affordable cost of living and wide range of local businesses. The average 2 bedroom rent in Rice is $980 compared to the national average of $1,430, making it an attractive option for those looking to rent or own an affordable home. Additionally, the grocery cost index in Rice is 103 versus 100 nationally. This means that groceries are generally 3 percent higher than the national average but still remain affordable. Local businesses such as Smith's Auto Repair, Erichs’ Grocery Store, and Mrs. Jone's Bakery provide numerous services to the residents of Rice at reasonable prices. Overall, Rice offers good value for those searching for a low-cost place to live and work.
Rice has an unemployment rate of 9.6%. The US average is 6.0%.
Rice has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Rice
- The Sales Tax Rate for Rice is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rice 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 Rice
- The average income of a Rice resident is $40,046 a year. The US average is $28,555 a year.
- The Median household income of a Rice resident is $98,935 a year. The US average is $69,021 a year.