Shrewsbury, PA Economy


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Shrewsbury borough, PA is an ideal place to live for those looking for an affordable lifestyle. The 2 bedroom rent in Shrewsbury borough, PA is $1,040 which is approximately 28% less than the US average of $1,430. Grocery costs are also more affordable in Shrewsbury borough than the US average as evidenced by a grocery cost index of 106 compared to 100 nationally. This makes it attractive spot for people looking to save money while still enjoying local businesses such as the Yoder's Country Market or Uppercutz Barbershop which offer a range of services from delicious home-cooked meals to personalized haircuts.

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

Shrewsbury has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Shrewsbury
- The Sales Tax Rate for Shrewsbury is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shrewsbury is 4.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Shrewsbury
- The average income of a Shrewsbury resident is $33,451 a year. The US average is $28,555 a year.
- The Median household income of a Shrewsbury resident is $87,090 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShrewsbury, PennsylvaniaUnited States
  66
  -5.6%-6.2%
  27.6%33.5%
  6.0%6.2%
  4.4%4.6%
  $40,355$37,638
  $87,090$69,021
  $102,557$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.7%6.8%
  11.5%10.0%
  1.6%2.5%
  11.2%11.0%
  6.1%4.8%
  1.9%0.8%
  0.0%1.9%
  4.6%4.7%
  0.7%1.9%
  9.6%7.6%
  0.0%0.1%
  7.6%4.2%
  12.5%9.3%
  11.1%14.0%
  0.0%2.1%
  0.6%7.0%
  8.9%4.8%
  8.5%4.7%
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