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Smithfield township (Monroe County), PA Economy


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Smithfield Township (Monroe Cnty), PA is a historic rural community located in the eastern part of the state. It is recognized for its rolling hills and farmland, which create beautiful landscapes. It offers plenty of recreational activities such as fishing in Beltzville Lake, hiking along the Appalachian Trail or skiing at Jack Frost Big Boulder Ski Area. The area also has a rich culture and history, with several sites like the Smithfield Township Historical Society Museum and several historic churches throughout the county. Local businesses in Smithfield range from restaurants to farms to small boutiques like Stoney Creek Farm Market and Gallery. There are also larger companies such as Pocono Mountain Working Solutions that offer employment opportunities to residents. Smithfield township (Monroe Cnty) is an affordable place to live since 2 bedroom rent averages $1,360 compared to US average of $1,430; Grocery Cost Index is 102 versus 100 in the US.

Smithfield township (Monroe County) has an unemployment rate of 8.7%. The US average is 6.0%.

Smithfield township (Monroe County) has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Smithfield township (Monroe County)
- The Sales Tax Rate for Smithfield township (Monroe County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smithfield township (Monroe County) is 4.1%. The US average is 4.6%.
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Income and Salaries for Smithfield township (Monroe County)
- The average income of a Smithfield township (Monroe County) resident is $39,459 a year. The US average is $37,638 a year.
- The Median household income of a Smithfield township (Monroe County) resident is $90,719 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySmithfield township (Monroe County), PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
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    Unlock4.8%
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    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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