Centre County · Pennsylvania · Northeast · 41k residents
State College, PA: economy, jobs & business costs
The site-selection read on State College: labor costs, talent, corporate tax, energy, and business activity, with the Pennsylvania median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,261/wk. Pennsylvania's corporate income tax rate is 7.99%. Commercial electricity averages 11.0¢/kWh.
Compare State College side by side
Avg. weekly wage
$1,261/wk
Corporate income tax
7.99%
Bachelor's degree or higher
68.4%
Commercial electricity
11.0¢/kWh
Economic momentum
How fast State College's economy is moving, ranked against the US cities we track.
87/100
Heating
Ranks State College's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $437,800 |
| Price per sq. ft. | $175 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $1,164/mo |
| 2-bedroom rent | $1,321/mo |
| State & local income tax | 4.57% |
| Sales tax | 6.34% |
| Corporate income tax | 7.99% |
| Avg. weekly wage | $1,261/wk |
| Bachelor's degree or higher | 68.4% |
| Commercial electricity | 11.0¢/kWh |
| Businesses per 1k residents | 22.9/1k |
| Wage: Software developer | $103,620 |
| Wage: Registered nurse | $81,480 |
| Wage: General manager | $91,120 |
| Wage: Customer service | $42,590 |
| Wage: Warehouse worker | $33,890 |
| Wage: Heavy truck driver | $56,130 |
| Wage: Electrician | $57,600 |
| Wage: Retail salesperson | $29,240 |
| Cost of living index | 102 |
| Groceries index | 100 |
| Utilities | $180/mo |
| Transit pass | $96/mo |
| Gas price | $3.45/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,150/mo |
| Median household income | $45,424 |
| Unemployment rate | 3.4% |
| Population | 41k |
| Crime index | 40/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 68/100 |
| Avg. commute | 27 min |
| Sunny days / year | 180 days |
| July high | 81°F |
| January low | 21°F |
| Annual snowfall | 44 in |
| Home price YoY | +1.4% |
| Home price MoM | +0.2% |
| Rent YoY | +4.8% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | +1.1% |
| Building permits YoY | +300.0% |
| Ocean coast | 202 mi |
| Big lake | 149 mi |
| Mountains | 131 mi |
| Major airport | 126 mi |
| Ski resort | 93 mi |
Popular comparisons
Nearby
- Altoona, PA · 43k
- Carlisle, PA · 22k
- Williamsport, PA · 28k
- Chambersburg, PA · 22k
- Harrisburg, PA · 50k
Similar size
- Wilkes-Barre, PA · 44k
- York, PA · 45k
- Norristown, PA · 36k
- Chester, PA · 34k
- Bethel Park, PA · 33k
Real listings in State College
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is State College a good place to run a business?
- Pennsylvania's corporate income tax rate is 7.99%; average weekly wages in the surrounding labor market run $1,261/wk; commercial electricity averages 11.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in State College, PA?
- State College indexes at 102 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,321/mo and a acs median home value of $437,800.
- How much does a house cost in State College?
- The acs median home value in State College is $437,800 (Census ACS estimate; individual listings vary).
- How much is rent in State College?
- A two-bedroom in State College rents for about $1,321/mo.