Montgomeryville, PA is a small town located in Montgomery County, Pennsylvania. It's home to various small businesses like Penn Community Bank, Pennsylvania American Water and Roberts Tire & Auto Service. The cost of living in Montgomeryville is slightly higher than the US average. Rent for a two bedroom apartment is $1,660 while it's only $1,430 on average for the US as a whole. Similarly, grocery costs are indexed at 108 compared to 100 nationwide. Despite its higher cost of living Montgomeryville remains an attractive place to live due to its quiet residential neighborhoods and access to larger cities such as Philadelphia and Allentown within 45 minutes drive time.
Montgomeryville has an unemployment rate of 5.6%. The US average is 6.0%.
Montgomeryville has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Montgomeryville
- The Sales Tax Rate for Montgomeryville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomeryville is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montgomeryville
- The average income of a Montgomeryville resident is $51,144 a year. The US average is $37,638 a year.
- The Median household income of a Montgomeryville resident is $108,950 a year. The US average is $69,021 a year.