Zip 19543 (Morgantown, PA) Economy


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United States / Pennsylvania / Reading Metro Area / Berks County / No City / Morgantown (zip 19543)
Morgantown, Pennsylvania is a small town located in Berks County with an estimated population of 1,954. The average 2 bedroom rent in the area is $1,170, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in the area is 106 compared to the US average of 100.
Morgantown has several local businesses including Just Family Farm Market for fresh produce and farm goods, Tom's Automotive Repair for automotive needs, and M&T Bank for banking services. The town also offers a variety of outdoor activities such as hiking at French Creek State Park or fishing at Lake Ontelaunee. With its low cost of living and beautiful natural setting, Morgantown is an ideal place to live and work.

Morgantown (zip 19543) has an unemployment rate of 7.6%. The US average is 6.0%.

Morgantown (zip 19543) 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 25.2%, which is lower than the US average of 33.5%.

Tax Rates for Morgantown (zip 19543)
- The Sales Tax Rate for Morgantown (zip 19543) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgantown (zip 19543) 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 Morgantown (zip 19543)
- The average income of a Morgantown (zip 19543) resident is $39,616 a year. The US average is $37,638 a year.
- The Median household income of a Morgantown (zip 19543) resident is $100,234 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorgantown, PennsylvaniaUnited States
  7.66
  -7.2%-6.2%
  25.2%33.5%
  6.0%6.2%
  4.1%4.6%
  $39,616$37,638
  $100,234$69,021
  $106,069$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  9.2%6.8%
  9.4%10.0%
  2.4%2.5%
  11.6%11.0%
  3.5%4.8%
  0.7%0.8%
  1.2%1.9%
  2.9%4.7%
  0.8%1.9%
  10.1%7.6%
  3.2%0.1%
  5.7%4.2%
  10.4%9.3%
  14.2%14.0%
  2.9%2.1%
  3.3%7.0%
  4.4%4.8%
  2.0%4.7%
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