Tunkhannock Borough, PA is a small community located in Wyoming County. It has a population of about 3,000 people, making it one of the smaller towns in the area. Despite its size, Tunkhannock Borough is an economically sound town with plenty of amenities for its residents to enjoy. To start with, rent for two-bedroom apartments averages out at $1,070 which is lower than the US average rent price of $1,430. This makes Tunkhannock a great option for those looking to save on expenses while having access to all the necessary amenities. Furthermore, grocery costs in Tunkhannock are comparable to other parts of the country with a Grocery Cost Index (GCI) of 100 versus 100 in the US overall.
Tunkhannock has many businesses for locals and visitors alike to explore and patronize such as The Olde Towne Pantry Cafe & Bakery, Riverfront Pizza & Subs Restaurant & Pub and The Hops Spot Craft Beer & Gourmet Cheese. These establishments are part of what make Tunkhannock Borough an appealing destination for those who want to enjoy life without breaking their budget. All in all, this small but vibrant community offers an affordable style of living that cannot be found in many places today.
Tunkhannock has an unemployment rate of 7.7%. The US average is 6.0%.
Tunkhannock has seen the job market increase by 0.9% 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 Tunkhannock
- The Sales Tax Rate for Tunkhannock is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tunkhannock 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 Tunkhannock
- The average income of a Tunkhannock resident is $26,053 a year. The US average is $28,555 a year.
- The Median household income of a Tunkhannock resident is $50,871 a year. The US average is $69,021 a year.