Wallaceton, PA Economy


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Wallaceton, PA is a small town located in the United States. The town is known for its affordable 2 bedroom rent of $760 compared to the rest of the US average of $1,430. It also has a low grocery cost index of 96 compared to the national average of 100. Wallaceton is home to a number of businesses and attractions like Stonerside Farm Dairy Store, where visitors can enjoy fresh ice cream and local baked goods; Wallaceton Speedway, which has been running races since 1971; and Buttermilk Creek Park, a beautiful park with activities for all ages. Wallaceton also boasts several quaint restaurants and shops that offer something for everyone.

Wallaceton has an unemployment rate of 8.0%. The US average is 6.0%.

Wallaceton has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.

Tax Rates for Wallaceton
- The Sales Tax Rate for Wallaceton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wallaceton 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 Wallaceton
- The average income of a Wallaceton resident is $18,873 a year. The US average is $28,555 a year.
- The Median household income of a Wallaceton resident is $43,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWallaceton, PennsylvaniaUnited States
  86
  -5.2%-6.2%
  19.4%33.5%
  6.0%6.2%
  4.1%4.6%
  $20,080$37,638
  $43,125$69,021
  $54,375$85,028
  Population by Occupation
  0.0%1.2%
  7.1%0.5%
  5.1%6.8%
  11.2%10.0%
  4.1%2.5%
  12.2%11.0%
  2.0%4.8%
  0.0%0.8%
  0.0%1.9%
  2.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  5.1%4.2%
  5.1%9.3%
  22.4%14.0%
  3.1%2.1%
  5.1%7.0%
  15.3%4.8%
  0.0%4.7%
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