Nerdwalllet.com ranked the top municipal areas in the state for job seekers, based on the answers to these three questions.:
- Is the city growing? We assessed growth in the working-age population, ages 16 and older, from 2009 to 2012 to ensure that the city was attracting workers and exhibiting a trend of upward population growth.
- Can you afford to live in the city comfortably? We measured a city’s median household income to see if workers made a good living. We also analyzed the monthly homeowner costs, including mortgage payments, to see if the city had a reasonable cost of living.
- Are most people employed? We looked at the unemployment rate.
According to the report the working age population of Phoenixvile grew 2.3 percent between 2009 and 2012. The median household income in Phoenixville is $61,926, according to the report and median monthly household cost of living is $1761. The study puts the overall unemployment rate in Phoenixville at 6.4 percent.
Read the entire study and see how Phoenixville stacks up against other Pennsylvania municipalities at Nerdwallet.com.