Zip 18505 (Scranton, PA) Economy


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18505 Scranton, PA is an affordable place to live with the 2 bedroom rent at $940. This is much lower than the US average of $1,430 for 2 bedrooms. Additionally, grocery costs in 18505 are 96 on a scale where 100 is the national average. There are many local businesses in 18505 Scranton including: Verve Social Dance Studio, Abbazia Exploration & Excavation LLC, Animick Technologies, and Phit Body Studio. These businesses offer various services ranging from dance lessons to website development. No matter what you’re looking for, there’s something for everyone in 18505 Scranton!

Scranton (zip 18505) has an unemployment rate of 8.7%. The US average is 6.0%.

Scranton (zip 18505) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Scranton (zip 18505)
- The Sales Tax Rate for Scranton (zip 18505) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Scranton (zip 18505) 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 Scranton (zip 18505)
- The average income of a Scranton (zip 18505) resident is $21,518 a year. The US average is $28,555 a year.
- The Median household income of a Scranton (zip 18505) resident is $45,030 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScranton, PennsylvaniaUnited States
  8.76
  -6.1%-6.2%
  26.8%33.5%
  6.0%6.2%
  6.5%4.6%
  $25,634$37,638
  $45,030$69,021
  $64,919$85,028
  Population by Occupation
  0.3%1.2%
  1.9%0.5%
  4.0%6.8%
  8.4%10.0%
  4.7%2.5%
  15.7%11.0%
  7.1%4.8%
  0.3%0.8%
  1.5%1.9%
  5.4%4.7%
  1.4%1.9%
  3.2%7.6%
  0.0%0.1%
  2.9%4.2%
  8.2%9.3%
  16.8%14.0%
  1.6%2.1%
  8.9%7.0%
  2.5%4.8%
  5.2%4.7%
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