Smithfield borough, PA is an attractive place to call home. It has a relatively low cost of living compared to the US average, with 2 bedroom rent at $950 versus the US rate of $1,430. The grocery cost index is also significantly lower than in the US, at 98 versus 100. The borough is conveniently located close to major cities such as Pittsburgh and Philadelphia, making it a good spot for commuting or day trips. It is also home to a variety of local companies such as Smithfield Power Company, Wilson Paint Co., and Munchies Bakery & Deli. These businesses provide employment opportunities in the area as well as support to its vibrant local economy.
Smithfield has an unemployment rate of 10.2%. The US average is 6.0%.
Smithfield has seen the job market decrease by -7.0% 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 Smithfield
- The Sales Tax Rate for Smithfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smithfield is 4.1%. The US average is 4.6%.
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Income and Salaries for Smithfield
- The average income of a Smithfield resident is $29,961 a year. The US average is $37,638 a year.
- The Median household income of a Smithfield resident is $58,333 a year. The US average is $69,021 a year.