Souderton, PA is a small town located in Montgomery County. It has a population of approximately 8,300 people. The area is known for its diverse economy with many local companies including Weaversville Inn, J&J Snack Foods Corporation, Kriebel Contractors Inc., Groff's HVAC Inc., and Souderton Area School District. The cost of living in Souderton is slightly below the national average. The 2 bedroom rent in Souderton is $1,340 compared to the US 2 bedroom rent at $1,430. Additionally, the grocery cost index in Souderton is 106 versus 100 in the US. Overall, Souderton is an affordable area with many job opportunities and local businesses to explore.
Souderton has an unemployment rate of 5.6%. The US average is 6.0%.
Souderton has seen the job market decrease by -6.4% 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 Souderton
- The Sales Tax Rate for Souderton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Souderton 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 Souderton
- The average income of a Souderton resident is $34,345 a year. The US average is $37,638 a year.
- The Median household income of a Souderton resident is $72,448 a year. The US average is $69,021 a year.