Towamensing, PA is an ideal place to live due to its affordability and low cost of living. The average 2 bedroom rent in Towamensing is $1,160, which is significantly lower than the national average at $1,430. Additionally, the Grocery Cost Index in Towamensing is 103 compared to 100 nationally. This means that grocery prices are slightly better in Towamensing than the rest of the country. In terms of local businesses, there are plenty of options such as Quick Stop Gas Station, B&M Automotive Repair Shop, and Sonlight Firewood Company that provide essential services for residents. With a peaceful rural setting near gorgeous mountain views and convenient access to amenities without breaking the bank, Towamensing offers something for everyone.
Towamensing has an unemployment rate of 7.9%. The US average is 6.0%.
Towamensing has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Towamensing
- The Sales Tax Rate for Towamensing is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Towamensing 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 Towamensing
- The average income of a Towamensing resident is $40,144 a year. The US average is $28,555 a year.
- The Median household income of a Towamensing resident is $64,238 a year. The US average is $69,021 a year.