![]() ![]() ![]() Property taxes are administered at the county level in Pennsylvania. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re looking to purchase a home in Pennsylvania, whether it’s in Bedford county, Monroe County or somewhere in between, you’ll want to consult our mortgage rates guide for all the essential information about getting a mortgage in the Keystone State.Ī financial advisor can help you understand how homeownership fits into your overall financial goals. For example, although Pennsylvania has a 1.36% average effective property tax rate, the rates on a county level vary from as little as 0.87% to as high as 2.45%. Each county has its own system of property tax assessment and a wide number of tax authorities such as municipalities and school districts determine rates. Property taxes in Pennsylvania vary greatly from one area to the next. The US average is $53,482 a year.Pennsylvania Property Taxes Photo credit: ©/Dwight Nadig The Median household income of a Upper Merion resident is $80,068 a year. Income and Salaries for Upper Merion - The average income of a Upper Merion resident is $46,296 a year. Tax Rates can have a big impact when Comparing Cost of Living. The Income Tax Rate for Upper Merion is 3.1%. Tax Rates for Upper Merion - The Sales Tax Rate for Upper Merion is 6.0%. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%. Upper Merion has seen the job market increase by 0.4% over the last year. Upper Merion has an unemployment rate of 4.9%. All of these businesses offer career opportunities and have a positive impact on the local economy. There are several great companies operating in Upper Merion as well, including GSK, Inovio Pharmaceuticals Inc., Vanguard Group Inc., and Bentley Systems Inc. Grocery costs are also more affordable with a grocery cost index of 108 compared to the US average of 100. The median two bedroom rent in the area is $1,900 which is much lower than the national average of $1,430. Upper Merion Township in Pennsylvania is an excellent place to call home due to its convenient location and favorable cost of living. ![]()
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