State College, PA Metro Area is a great place to live with an affordable cost of living. According to the given information, 2 bedroom rent in the area is $1,290 compared to a US average of $1,430. Furthermore, the Grocery Cost Index for State College is 104 versus 100 in the US - making it 4% more affordable than anywhere else in the country. \nThe area is also home to several major companies such as Penn State University, Walmart, Target and Giant Eagle. This provides many employment opportunities for people living in the area. Plus, with access to education at Penn State and many other recreation activities such as skiing and hiking nearby, there are plenty of activities available to keep residents entertained. All this makes State College a great place to live and work!
State College Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
State College Metro Area has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for State College Metro Area
- The Sales Tax Rate for State College Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for State College Metro Area is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for State College Metro Area
- The average income of a State College Metro Area resident is $25,803 a year. The US average is $28,555 a year.
- The Median household income of a State College Metro Area resident is $64,995 a year. The US average is $69,021 a year.