Westmont, PA Economy


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Westmont, PA is a small town located in the eastern part of Pennsylvania. It is known for its low cost of living as well as its close-knit community. The average rental price for a two bedroom apartment in Westmont is only $880, which is significantly lower than the national average of $1,430. This makes Westmont an attractive option for those looking to minimize their housing costs. Additionally, the grocery cost index in Westmont is 96 versus 100 in the US, making it even more appealing to those trying to save money while still enjoying all the amenities that living in a small town has to offer. Westmont also boasts many local businesses such as shops and restaurants that provide employment opportunities for local residents and contribute to its economy. Furthermore, due to its affordability and close proximity to larger cities like Philadelphia and Baltimore, Westmont serves as an ideal location for businesses looking to expand into the northeast United States market.

Westmont has an unemployment rate of 8.1%. The US average is 6.0%.

Westmont has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.

Tax Rates for Westmont
- The Sales Tax Rate for Westmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Westmont 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 Westmont
- The average income of a Westmont resident is $42,106 a year. The US average is $37,638 a year.
- The Median household income of a Westmont resident is $84,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestmont, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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