18935 Milford Square, PA has a lower cost of living than the US average, with 2 bedroom rent costing $1,410 compared to $1,430 nationwide. This is accompanied by a slightly higher grocery cost index of 108 as opposed to 100 nationally. The area is home to several well known companies such as Schneider Electric, Merck & Co., and Covanta Energy Corporation. All three organizations have strong roots in Milford Square and have been major employers in the area for many years. Residents enjoy access to high quality jobs and amenities offered in the region which further contributes to its low cost of living and high quality of life.
Milford Square (zip 18935) has an unemployment rate of 6.1%. The US average is 6.0%.
Milford Square (zip 18935) 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 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Milford Square (zip 18935)
- The Sales Tax Rate for Milford Square (zip 18935) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford Square (zip 18935) 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 Milford Square (zip 18935)
- The average income of a Milford Square (zip 18935) resident is $70,814 a year. The US average is $37,638 a year.
- The Median household income of a Milford Square (zip 18935) resident is $235,893 a year. The US average is $69,021 a year.