Spring Mount, PA is a small town located close to Philadelphia with many local businesses. It is known for its quaint atmosphere and relatively affordable cost of living. The average rent for a two bedroom is $1,620 while the national average stands at $1,430. Other costs such as groceries are also on par with the US; in Spring Mount the Grocery Cost Index is 108 versus 100 in the US. There is plenty to do here with many family-owned restaurants and stores such as R & R Family Restaurant, K&R Small Engine Repair, and Souderton Firestone Tire Center. Despite being more expensive than other parts of Pennsylvania, Spring Mount offers an enjoyable lifestyle that won't break the bank.
Spring Mount has an unemployment rate of 5.6%. The US average is 6.0%.
Spring Mount 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 Spring Mount
- The Sales Tax Rate for Spring Mount is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Mount 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 Spring Mount
- The average income of a Spring Mount resident is $34,619 a year. The US average is $28,555 a year.
- The Median household income of a Spring Mount resident is $94,071 a year. The US average is $69,021 a year.