Silver Lake, PA is a small town located in Pennsylvania. It has become a popular destination for young professionals and those looking to escape the hustle and bustle of city life. The rent for a two-bedroom apartment in Silver Lake is $890 which is significantly less than the US average of $1,430. The groceries cost index in Silver Lake stands at 102, meaning it is 2% more expensive than the US average. Despite this, many locals consider it to be one of the most affordable towns around. There are several local businesses that help make Silver Lake a great place to live such as Carpino’s Pizza, Rinaldi’s Cafe & Bakery, and Sunshine Liquor & Wine Emporium. These local stores offer residents everything they need from fresh produce to tasty meals to their favorite adult beverages!
Silver Lake has an unemployment rate of 6.7%. The US average is 6.0%.
Silver Lake has seen the job market increase by 1.2% 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 Silver Lake
- The Sales Tax Rate for Silver Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Lake 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 Silver Lake
- The average income of a Silver Lake resident is $30,409 a year. The US average is $28,555 a year.
- The Median household income of a Silver Lake resident is $81,786 a year. The US average is $69,021 a year.