Waterford borough, PA is a vibrant community with many different local companies. Major employers in the area include Waterford Regional Medical Center, Cameron Manufacturing & Design, and PNC Financial Services Group. The area has an abundance of jobs available for residents and businesses alike. The cost of living is relatively low when compared to the national average with a 2 bedroom rent costing $980 and a grocery cost index of 98 versus 100 in the US. Despite its relatively small population, Waterford borough has become an attractive economic force in the region due to its diverse industries. This has allowed the local economy to remain strong amid economic hardships.
Waterford has an unemployment rate of 9.1%. The US average is 6.0%.
Waterford has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Waterford
- The Sales Tax Rate for Waterford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waterford 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 Waterford
- The average income of a Waterford resident is $21,979 a year. The US average is $28,555 a year.
- The Median household income of a Waterford resident is $54,583 a year. The US average is $69,021 a year.