Southwest, PA is an area with a lower than average cost of living, making it attractive for people looking to live in an area with lower living costs. Two bedroom rent in Southwest, PA is $760 compared to 2 bedroom rent in the US that is $1,430. The Grocery Cost Index in Southwest, PA is 95 versus 100 in the US. This makes Southwest Pennsylvania an attractive place for those on a budget who are looking for a cheaper cost of living. Local companies such as PNC Financial Services Group and Dick's Sporting Goods call this area home and contribute largely to the local economy. All in all, Southwest Pennsylvania is a great place to live due to its lower cost of living and numerous companies contributing to its economic growth.
Southwest has an unemployment rate of 7.6%. The US average is 6.0%.
Southwest has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Southwest
- The Sales Tax Rate for Southwest is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southwest 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 Southwest
- The average income of a Southwest resident is $17,902 a year. The US average is $28,555 a year.
- The Median household income of a Southwest resident is $46,000 a year. The US average is $69,021 a year.