Reading Metro Area, PA Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Pennsylvania / Reading Metro Area / Counties / Cities / Zip Codes
Reading, Pennsylvania's Metro Area is an attractive place to live, with many excellent local companies to work for. Real Estate in the area is very affordable, with a 2 bedroom rental averaging $1,140 compared to the US average of $1,430. Grocery costs are also quite low in Reading, with a cost index of 103 versus the national average of 100. This makes it easy and economical for residents to keep their pantries well-stocked while still saving money. Local employers in Reading include Penn State Health St. Joseph Medical Center, RG Group, Penske Truck Leasing Co., UGI Utilities Inc., and Tower Health. All of these employers offer great benefits and jobs that contribute to Reading’s vibrant economy.

Reading Metro Area has an unemployment rate of 7.6%. The US average is 6.0%.

Reading Metro Area has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.

Tax Rates for Reading Metro Area
- The Sales Tax Rate for Reading Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reading Metro Area is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Reading Metro Area
- The average income of a Reading Metro Area resident is $34,519 a year. The US average is $37,638 a year.
- The Median household income of a Reading Metro Area resident is $69,272 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyReading, PennsylvaniaUnited States
  7.66
  -7.2%-6.2%
  25.2%33.5%
  6.0%6.2%
  3.1%4.6%
  $34,519$37,638
  $69,272$69,021
  $85,831$85,028
  Population by Occupation
  1.7%1.2%
  0.2%0.5%
  5.8%6.8%
  18.1%10.0%
  2.7%2.5%
  11.7%11.0%
  4.7%4.8%
  1.3%0.8%
  1.4%1.9%
  3.8%4.7%
  1.7%1.9%
  5.5%7.6%
  0.1%0.1%
  3.8%4.2%
  8.0%9.3%
  14.9%14.0%
  1.4%2.1%
  6.0%7.0%
  4.7%4.8%
  2.6%4.7%
Health