Bensalem Township, PA is a great place to call home. This town of just under 60,000 people is located in Bucks County, just northeast of Philadelphia. The median 2 bedroom rent here clocks in at $1,590 compared to the US average of $1,430. Grocery costs are a bit higher here too with an index of 105 against 100 nationally. Bensalem’s economy is based on retail and services industries; some notable companies include the Parx Casino and Racetrack, Weis Markets and Neshaminy Mall. There are plenty of local attractions such as Core Creek Park and Playwicki Farm for outdoor recreation or the Cornwells Fire Company Museum for a little history lesson. With its close proximity to Philly and easy access to all major highways it’s no wonder why people choose Bensalem Township as their home!
Bensalem (zip 19020) has an unemployment rate of 7.2%. The US average is 6.0%.
Bensalem (zip 19020) 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 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Bensalem (zip 19020)
- The Sales Tax Rate for Bensalem (zip 19020) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bensalem (zip 19020) 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 Bensalem (zip 19020)
- The average income of a Bensalem (zip 19020) resident is $30,956 a year. The US average is $28,555 a year.
- The Median household income of a Bensalem (zip 19020) resident is $71,995 a year. The US average is $69,021 a year.