Southmont, PA Economy


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Southmont, PA is a small, picturesque town located in Central Pennsylvania. It's known for its abundant green spaces, friendly atmosphere, and numerous local businesses. The rent for two bedroom apartments is significantly lower than the national average, making it an affordable place to live. Plus, it has a grocery cost index of 96 compared to 100 in the US, making groceries more affordable. Popular attractions include the Southmont Railroad Museum, Heritage Park with its walking trails and wildlife habitat, and the Southmont Community Garden where locals have access to fresh fruits and vegetables. Local businesses include The Iron Forge Cafe & Pub serving classic American fare with craft beers on tap as well as popular Italian restaurant La Trattoria Da Luigi.

Southmont has an unemployment rate of 8.1%. The US average is 6.0%.

Southmont has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.

Tax Rates for Southmont
- The Sales Tax Rate for Southmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southmont 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 Southmont
- The average income of a Southmont resident is $32,678 a year. The US average is $28,555 a year.
- The Median household income of a Southmont resident is $60,759 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouthmont, PennsylvaniaUnited States
  8.16
  -7.2%-6.2%
  15.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $44,206$37,638
  $60,759$69,021
  $85,655$85,028
  Population by Occupation
  4.0%1.2%
  0.0%0.5%
  1.9%6.8%
  10.2%10.0%
  1.1%2.5%
  10.7%11.0%
  4.0%4.8%
  0.7%0.8%
  0.9%1.9%
  2.9%4.7%
  0.9%1.9%
  10.0%7.6%
  0.0%0.1%
  3.9%4.2%
  6.6%9.3%
  18.9%14.0%
  0.7%2.1%
  9.7%7.0%
  3.5%4.8%
  9.4%4.7%
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