Youngwood, PA is a small town located in Westmoreland County with a population of around 4,000 people. The town has a variety of businesses and attractions for locals to enjoy. The town’s economy is driven by the many local companies including JRM Auto Sales, Youngwood Grocery and Distributors, LLC., and Z & S Pizza. There are also plenty of attractions like the Lowe Park disc golf course, historic district tours, walking trails at Harrold's Park and more. With two bedroom rent being $870 compared to the US average of $1430, Youngwood is an affordable place to live with plenty of activities to keep residents entertained. Additionally, its grocery cost index is 97 compared to 100 in the US making it relatively affordable when shopping for groceries as well.
Youngwood has an unemployment rate of 7.4%. The US average is 6.0%.
Youngwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Youngwood
- The Sales Tax Rate for Youngwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Youngwood 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 Youngwood
- The average income of a Youngwood resident is $22,227 a year. The US average is $28,555 a year.
- The Median household income of a Youngwood resident is $68,891 a year. The US average is $69,021 a year.