Silkworth, PA is a small town located in the state of Pennsylvania. It is known for its low cost of living and highly rated schools. The average two-bedroom rent in Silkworth is $1,080 compared to the national average of $1,430. Additionally, grocery costs are on par with the US index at 100. There are several local businesses in the area such as Silkworth Pharmacy, Harford Landscaping, and Marie's Diner. Residents also have plenty of opportunities for leisure time activities such as hiking trails at Silkwood Park and fishing at nearby Lake Pines. With its affordable housing options and vibrant community atmosphere, Silkworth is an ideal place to live and work.
Silkworth has an unemployment rate of 9.6%. The US average is 6.0%.
Silkworth has seen the job market decrease by -6.1% 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 Silkworth
- The Sales Tax Rate for Silkworth is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Silkworth is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silkworth
- The average income of a Silkworth resident is $40,311 a year. The US average is $37,638 a year.
- The Median household income of a Silkworth resident is $50,000 a year. The US average is $69,021 a year.