15940 Loretto, PA is a great place to live due to its low cost of living. Residents can find 2 bedroom apartments for just $1,140 per month and groceries only have an index of 101 compared to the US average of 100. Additionally, local businesses in the area are thriving. There are several stores nearby, such as Don's Market, Moosic Motors Auto Repair, and Regal Movie Theatre. The economy is supported by small business owners who seek to provide products and services that positively impact their community. Furthermore, there are several employment opportunities available in Loretto due to its proximity to State College and Altoona. All this makes 15940 Loretto a great place to call home!
Loretto (zip 15940) has an unemployment rate of 8.1%. The US average is 6.0%.
Loretto (zip 15940) has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Loretto (zip 15940)
- The Sales Tax Rate for Loretto (zip 15940) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loretto (zip 15940) 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 Loretto (zip 15940)
- The average income of a Loretto (zip 15940) resident is $17,133 a year. The US average is $37,638 a year.
- The Median household income of a Loretto (zip 15940) resident is $82,500 a year. The US average is $69,021 a year.