Reading, Pennsylvania is a vibrant city with a population of 88,082 (as of 2019). It is home to several major companies such as Boscov's Department Stores, Tower Health and Exelon Corporation. Reading has an affordable cost of living with 2-bedroom rent averaging at $1030. This is significantly lower than the US average of $1430. Grocery costs are also lower in Reading, with an index of 97 versus 100 in the US. This makes Reading an ideal place for newcomers looking for a comfortable lifestyle without breaking their budget.
Reading (zip 19601) has an unemployment rate of 14.8%. The US average is 6.0%.
Reading (zip 19601) 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 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Reading (zip 19601)
- The Sales Tax Rate for Reading (zip 19601) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reading (zip 19601) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Reading (zip 19601)
- The average income of a Reading (zip 19601) resident is $17,186 a year. The US average is $37,638 a year.
- The Median household income of a Reading (zip 19601) resident is $34,405 a year. The US average is $69,021 a year.