Richfield, PA is a small town with a population of around 4,000. It is located about 80 miles north of Philadelphia in Montgomery County. The cost of living in Richfield is below the US average, as evidenced by the 2 bedroom rent being $840 compared to the US average of $1,430. The grocery cost index in Richfield is also 101 versus the US average of 100. This makes Richfield great for budget living. Local businesses are booming in the area, including restaurants such as Z-All-American Burgers and Ripe Tomato Pizzeria and retailers like A&S Collectibles and Marburger Farm Market. With its low cost of living and local business growth, Richfield is a great destination for anyone looking for an affordable home.
Richfield has an unemployment rate of 5.9%. The US average is 6.0%.
Richfield has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Richfield
- The Sales Tax Rate for Richfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richfield is 3.1%. The US average is 4.6%.
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Income and Salaries for Richfield
- The average income of a Richfield resident is $30,869 a year. The US average is $37,638 a year.
- The Median household income of a Richfield resident is $0 a year. The US average is $69,021 a year.