Scranton--Wilkes-Barre--Hazleton, PA Metro Area is a great place to live for those looking for an affordable rent. The two-bedroom rent in the area is $1,010 compared to $1,430 in the US, which is a significant saving. In addition to low rent, the cost of groceries is also cheaper in the area with an index of 99 compared to 100 nationally.
The Scranton–Wilkes-Barre–Hazleton metropolitan area is home to several major companies including PPL Electric Utilities and Geisinger Health System. PPL Electric Utilities operates as an energy company providing electric services throughout Pennsylvania and New Jersey while Geisinger Health System offers health services and medical education across central and northeastern Pennsylvania. Other major companies based in the metro area include Fidelity Bank, Arroweye Solutions, Backyard Products Inc., Wegmans Food Markets, Benco Dental Supply Co., The Bon Ton Stores Inc., and Northeastern Rural Electric Cooperative.
Scranton--Wilkes-Barre Metro Area has an unemployment rate of 9.0%. The US average is 6.0%.
Scranton--Wilkes-Barre Metro Area has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Scranton--Wilkes-Barre Metro Area
- The Sales Tax Rate for Scranton--Wilkes-Barre Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Scranton--Wilkes-Barre 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 Scranton--Wilkes-Barre Metro Area
- The average income of a Scranton--Wilkes-Barre Metro Area resident is $25,304 a year. The US average is $28,555 a year.
- The Median household income of a Scranton--Wilkes-Barre Metro Area resident is $57,568 a year. The US average is $69,021 a year.