Skippack township, PA Economy


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Skippack Township, PA is a great place for potential renters to consider due to its affordability. The average two-bedroom rent in Skippack Township is $1,760, only slightly more than the national average of $1,430. Additionally, with a Grocery Cost Index of 109 versus 100 in the US, residents can enjoy quality groceries at reasonable prices. The township is home to well-known businesses like Weaver's Hardware & Equipment Store and Pennypacker Mills Historic Site, providing plenty of entertainment and shopping opportunities. Skippack Township, PA is an ideal place for renters looking for affordability and convenience.

Skippack township has an unemployment rate of 5.6%. The US average is 6.0%.

Skippack township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Skippack township
- The Sales Tax Rate for Skippack township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Skippack township is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Skippack township
- The average income of a Skippack township resident is $37,600 a year. The US average is $28,555 a year.
- The Median household income of a Skippack township resident is $128,672 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySkippack township, PennsylvaniaUnited States
  5.66
  -6.4%-6.2%
  29.8%33.5%
  6.0%6.2%
  4.7%4.6%
  $47,707$37,638
  $128,672$69,021
  $152,857$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.0%6.8%
  17.9%10.0%
  1.3%2.5%
  6.3%11.0%
  1.3%4.8%
  1.0%0.8%
  1.0%1.9%
  8.9%4.7%
  3.0%1.9%
  11.3%7.6%
  0.4%0.1%
  2.1%4.2%
  13.0%9.3%
  13.8%14.0%
  2.4%2.1%
  4.4%7.0%
  4.1%4.8%
  3.7%4.7%
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