Montgomery, PA County is a great place to live and work. The cost of renting a two bedroom home is comparable to the US average, at $1,470 per month in Montgomery County versus the US average of $1,430. Additionally, locals enjoy lower grocery costs as Montgomery County's Grocery Cost Index is 108 compared to 100 in the US. Montgomery County has a vibrant local economy thanks to a number of established companies that have been around for several decades. Some of these include Wawa Inc., Aramark Corporation, Sunoco Inc., and GlaxoSmithKline. These businesses are known for their dedication to providing quality products and services that benefit the people of Montgomery County.
Montgomery County has an unemployment rate of 5.6%. The US average is 6.0%.
Montgomery County 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 Montgomery County
- The Sales Tax Rate for Montgomery County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery County 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 Montgomery County
- The average income of a Montgomery County resident is $41,699 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery County resident is $99,361 a year. The US average is $69,021 a year.