Springmont, PA Economy


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Springmont, PA is a small town located in Pennsylvania. It offers a wide range of amenities for its citizens and visitors alike. The cost of living is relatively low in the area with a two bedroom rent at $1,480 per month and grocery cost index at 103 compared to the US national average of 100. It is also home to numerous local businesses such as Springmont Hardware Store, Attic Antiques & Collectibles, and the Squirrel Point Golf Course. Visitors can take part in activities such as hiking or picnicking at the nearby Sassafras Creek Park or go sightseeing around downtown Springmont. With so much to do, it's no wonder why people are drawn to this charming town!

Springmont has an unemployment rate of 7.6%. The US average is 6.0%.

Springmont has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.

Tax Rates for Springmont
- The Sales Tax Rate for Springmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Springmont 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 Springmont
- The average income of a Springmont resident is $41,015 a year. The US average is $37,638 a year.
- The Median household income of a Springmont resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpringmont, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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