Zip 18518 (Old Forge, PA) Economy


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18518 Old Forge, PA is a picturesque community located in Lackawanna County. The community has a population of approximately 3,000 inhabitants and offers a range of amenities including schools, parks, healthcare facilities and local businesses. The 2 bedroom rent in Old Forge is around $1,040, which is significantly lower than the national average of $1430. Additionally, the grocery cost index in the area is 99 versus 100 in the US. Residents can save money on everyday living costs while still enjoying all the benefits of living in this charming town. Local companies include Old Forge Hardware Store, Abate Tax Service and River Street Deli & Grill. Each business provides something unique to the community and generates opportunities for employment within Old Forge.

Old Forge (zip 18518) has an unemployment rate of 8.1%. The US average is 6.0%.

Old Forge (zip 18518) 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 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Old Forge (zip 18518)
- The Sales Tax Rate for Old Forge (zip 18518) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Old Forge (zip 18518) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Old Forge (zip 18518)
- The average income of a Old Forge (zip 18518) resident is $26,071 a year. The US average is $28,555 a year.
- The Median household income of a Old Forge (zip 18518) resident is $62,615 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOld Forge, PennsylvaniaUnited States
  8.16
  -6.1%-6.2%
  26.2%33.5%
  6.0%6.2%
  4.1%4.6%
  $34,724$37,638
  $62,615$69,021
  $91,889$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.1%6.8%
  10.9%10.0%
  6.4%2.5%
  11.3%11.0%
  8.7%4.8%
  0.8%0.8%
  0.5%1.9%
  5.4%4.7%
  1.3%1.9%
  4.6%7.6%
  0.2%0.1%
  2.6%4.2%
  8.4%9.3%
  16.7%14.0%
  1.7%2.1%
  2.5%7.0%
  5.7%4.8%
  7.4%4.7%
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