Honesdale, Pennsylvania is a small borough located in Wayne County. It has a population of about 4,500 people, making it an ideal place for those seeking quiet and peaceful living. The average rent for a two bedroom apartment is $1,000 which is substantially lower than the US average of $1,430. Additionally, the Grocery Cost Index in Honesdale is 103 versus 100 in the US.
The local economy in Honesdale features several small businesses such as The Cooperage Project—an organization that hosts live music events and other cultural activities—as well as popular restaurants like The Settler’s Inn and Antonio’s Pizza & Italian Restaurant. There are also plenty of outdoor activities to explore such as the historic downtown area and nearby Lake Wallenpaupack. All of these amenities combine to create a unique experience that one can find only in Honesdale.
Honesdale (zip 18431) has an unemployment rate of 8.3%. The US average is 6.0%.
Honesdale (zip 18431) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Honesdale (zip 18431)
- The Sales Tax Rate for Honesdale (zip 18431) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Honesdale (zip 18431) 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 Honesdale (zip 18431)
- The average income of a Honesdale (zip 18431) resident is $23,406 a year. The US average is $28,555 a year.
- The Median household income of a Honesdale (zip 18431) resident is $52,168 a year. The US average is $69,021 a year.