Upper Merion Township in Pennsylvania is an excellent place to call home due to its convenient location and favorable cost of living. The median two bedroom rent in the area is $1,900 which is much lower than the national average of $1,430. Grocery costs are also more affordable with a grocery cost index of 108 compared to the US average of 100. There are several great companies operating in Upper Merion as well, including GSK, Inovio Pharmaceuticals Inc., Vanguard Group Inc., and Bentley Systems Inc. All of these businesses offer career opportunities and have a positive impact on the local economy.
Upper Merion has an unemployment rate of 4.9%. The US average is 6.0%.
Upper Merion 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 Upper Merion
- The Sales Tax Rate for Upper Merion is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Upper Merion 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 Upper Merion
- The average income of a Upper Merion resident is $46,296 a year. The US average is $28,555 a year.
- The Median household income of a Upper Merion resident is $104,487 a year. The US average is $69,021 a year.