Mansions for Sale in Pennsylvania

Average Mansion and Luxury Home Prices in Pennsylvania

Gladwyne	Montgomery	PA	817,500
Villanova	Delaware	PA	790,000

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General
The Commonwealth of Pennsylvania is located in the Northeastern and Middle Atlantic regions of the United States. The state borders Delaware, Maryland, West Virginia, Ohio, New York, and a water border with Canada to the north, and New Jersey. The state's most populous city is Philadelphia.

Economy
Pennsylvania's 2007 total gross state product (GSP) of $531.31 billion ranks the state 6th in the nation. If Pennsylvania were an independent country, its economy would rank as the 18th largest in the world. On a per-capita basis, Pennsylvania's per-capita GSP of $34,619 ranks 26th among the 50 states.

Philadelphia in the southeast corner, Pittsburgh in the southwest corner, Erie in the northwest corner, Scranton-Wilkes-Barre in the northeast corner, and Allentown-Bethlehem-Easton in the east central region are urban manufacturing centers. Much of the Commonwealth is rural; this dichotomy affects state politics as well as the state economy. Philadelphia is home to six Fortune 500 companies, with more located in suburbs like King of Prussia; it's a leader in the financial and insurance industry. Pittsburgh is home to eight Fortune 500 companies, including U.S. Steel, PPG Industries, and H.J. Heinz. In all, Pennsylvania is home to fifty Fortune 500 companies.

As in the US as a whole and in most states, the largest private employer in the Commonwealth is Wal-Mart, followed by the University of Pennsylvania, United Parcel Service and Giant Food (called Stop and Shop in other states). The largest manufacturing employer is Merck.

Taxes
Sales tax provides 39% of Commonwealth's revenue; personal income tax 34%; motor vehicle taxes about 12%, and taxes on cigarettes and alcohol beverage 5%.

Counties, municipalities, and school districts levy taxes on real estate. In addition, some local bodies assess a wage tax on personal income. Generally, the total wage tax rate is capped at 1% of income but some municipalities with home rule charters may charge more than 1%. Thirty-two of the Commonwealth's sixty-seven counties levy a personal property tax on stocks, bonds, and similar holdings.

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