Economy in Pennsylvania

Pennsylvania is a great place to call home. With its beautiful scenery, unique attractions, and rich history, it's no wonder that it is one of the most popular states in the country. The cost of living in Pennsylvania is generally quite affordable, with a two bedroom rent of only $1,210 compared to the US average of $1,430. Additionally, grocery cost index in Pennsylvania is on par with that of other states at 100 versus 100 in the US. This allows locals to save money while still enjoying some of the finest products from companies like Wawa and Sheetz which are headquartered in Pennsylvania. All in all, Pennsylvania has much to offer without breaking the bank!

Pennsylvania has an unemployment rate of 7.3%. The US average is 6.0%.

Pennsylvania 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 25.3%, which is lower than the US average of 33.5%.

Tax Rates for Pennsylvania
- The Sales Tax Rate for Pennsylvania is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Pennsylvania 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 Pennsylvania
- The average income of a Pennsylvania resident is $28,912 a year. The US average is $28,555 a year.
- The Median household income of a Pennsylvania resident is $53,115 a year. The US average is $53,482 a year.