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Lackawanna County, PA

RANK #34 / 996  ·  POP 215,672  ·  PA

PROJECTED GROWTH: +3.6%

Lackawanna County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Lackawanna County?

Lackawanna County, Pennsylvania, is often recognized for Scranton, its largest city and county seat, known as "The Electric City" for its early adoption of electric streetcars. Located in northeastern Pennsylvania, the county is approximately 117 miles northwest of New York City and 132 miles north of Philadelphia, making it accessible via I-81, I-84, and the Pennsylvania Turnpike. The community offers a blend of urban and suburban living, with notable towns like Clarks Summit and Moosic. The landscape features rolling hills, lush forests, and the Lackawanna River, providing opportunities for hiking, fishing, and skiing. Parks like McDade Park and Lackawanna State Park offer extensive outdoor recreation, including trails, lakes, and playgrounds.

Life in Lackawanna County offers a lower cost of living compared to larger metropolitan areas, with affordable housing and shorter commute times. The area attracts a mix of families and remote workers, drawn by the quality of life and access to educational institutions, including several colleges and universities. The economy is experiencing shifts, with significant investment in sectors such as logistics, advanced manufacturing, and healthcare. Efforts are underway to strengthen downtown areas and support existing businesses, alongside attracting new ventures. The county also focuses on community revitalization through programs aimed at improving neighborhoods and services.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+1.2%

Well below national median

Home Prices
+6.0%

Outpacing national median

Climate & Terrain
0.2

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lackawanna County U.S. National

The Numbers

DEMOGRAPHICS
Population
215,672
+0.07% YoY
Median Household Income
$63,739
Median Home Value
$175,700
+6.02% 12mo
Median Rent
$917
Average Annual Pay
$53,720
+3.7% YoY
Employment
98,108
+1.3% YoY
Income-to-Home-Value
0.3628
More affordable than average
Migration Inflow
2.59%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$253,000
Days on Market
41
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
96.6%
Negotiation room for buyers
Sold Above List
23.0%
Listings w/ Price Drops
27.2%
Building Permits (2024)
250
Single-Family Permits
204

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$16,559M
TOTAL
PROJECT AMOUNT STATUS
Gouldsboro Data Center Campus
1778 Rich Pike LLC (potentially NE Edge)
$14,250M Proposed
Wildcat Ridge Data Center Campus
Cornell Realty Management
$1,600M Proposed
Project Gravity Data Center
Western Hospitality Partners / Archbald 25 Developer LLC
$500M Proposed
Century Logistics Center (Two Warehouses)
Century Development Associates
$130M Planned
Hilltop Heights Affordable Housing Community
Scranton Housing Authority
$50M Under Construction
Lackawanna County Capital Improvement Project (Roads, Bridges, Infrastructure)
Lackawanna County
$29M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.2% 20 percentile
Population Growth +0.1% 33 percentile
Income Growth +9.2% 67 percentile
Vacancy Rate 1.0% 55 percentile
Home Price Change +6.0% 94 percentile
Rent Growth +5.3% 82 percentile
Price/Rent 11x 78 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lackawanna County, PA a good place to move to?

Lackawanna County has a Boom Town Index score of 97/100, ranking #34 among 996 U.S. counties. With job growth at +1.3% and a median household income of $63,739, it's an above-average county on economic indicators.

Is Lackawanna County affordable?

The median home value in Lackawanna County is $175,700 with median rent at $917/month. The income-to-home-value ratio is 0.3628, which is more affordable than the national average.

Is Lackawanna County growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: +1.3%. Home values changed +6.0% in the past 12 months.

Are people moving to Lackawanna County?

Yes — 2.59% of Lackawanna County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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