51 Pennsylvania Business Stats & Facts For 2025

Here are 51 business stats about Pennsylvania for 2025.

Basics:

Population: 12,961,683 (US Census 2020)
Population desnity per square mile: 290.60
GDP: $965,067 (millions USD)
GDP Per Capita: $75,189
Median household income (in 2022 dollars): $73,170
Real GDP Growth Rate: 2.20%
Total Employment: 7.0m
Unemployment Rate: 3.9%

Rankings

% Share of National Economy: 3.53%
State Economic Growth Rank (out of 50): 6
Population Growth Rank (out of 50): 34
Business Growth Rank (out of 50): 35
State Growth Rank in Employment (out of 50): 21

Biggest Industries In Pennsylvania By Revenue

1. Health & Medical Insurance: $94.5b
2. Drug, Cosmetic & Toiletry Wholesaling: $83.6b
3. Hospitals: $63.0b
4. Colleges & Universities: $61.2b
5. Public Schools: $56.4b
6. Life Insurance & Annuities: $51.9b
7. New Car Dealers: $43.1b
8. Commercial Banking: $41.6b
9. Property, Casualty and Direct Insurance: $35.8b
10. Supermarkets & Grocery Stores: $33.3b

Biggest Employers In Pennsylvania

1. Walmart Inc.: 55,295 (0.8%)
2. Pennsylvania State University: 33,545 (0.5%)
3. Amazon.Com, Inc.: 30,000 (0.4%)
4. University of Pennsylvania Health System: 28,443 (0.4%)
5. United States Postal Service: 27,460 (0.4%)
6. University of Pennsylvania: 18,000 (0.3%)
7. Target Corp: 16,869 (0.2%)
8. The Home Depot, Inc.: 15,349 (0.2%)
9. University of Pittsburgh: 14,600 (0.2%)
10. Weis Markets Inc.: 14,204 (0.2%)

Small Businesses In Pennsylvania

Number of Small Businesses 1,100,000
Percent of bossiness that are small businesses: 99.60%
Number of employees: 2,600,000
Share of Employment: 45.80%
Number of New Businesses In The Past Year: 41,944
Number of Businesses That Closed In The Past Year: 27,190
Net Change In New Businesses: 14,754

Number of Businesses With No Employees: 856,626
Number of Businesses with 1-19 Employees: 195,645
Number of Businesses with 20-499 Employees: 29,756
Share of Businesses Owned By Women: 39.80%
Share of Businesses Owned By Veterans: 5.90%
Share of Hispanic Owned Businesses: 5.10%
Share of Businesses Owned By Racial Minorities: 13.20%

Fortune 500 Companies In Pennsylvania

Number of Fortune 500 Headquaters: 23
Biggest Company: AmerisourceBergen
Biggest Company Type: Wholesalers: Health Care
Number of Employees: 41,500
Revenue (in millions): $238,587

Taxes In Pennsylvania

State Corporate Tax Rate: 8.49%
State Corporate Tax Rate Brackets: $0

State Sales Tax Rate: 6.00%
State Sales Tax Rank (out of 50): 17
Average Local Sales Tax Rate: 0.34%
Max Local Sales Tax Rate: 2.00%
Average Combined Sales Tax Rate: 6.34%
Combined Sales Tax Rank (out of 50): 34

Minimum State Income Tax Rate If You’re Single: 3.00%
Minimum State Income Tax Rate If You’re Married: 3.00%

General Pennsylvania Population Facts

In civilian labor force, total, percent of population age 16 years+: 62.80%
In civilian labor force, female, percent of population age 16 years+: 58.60%
Share of population which is foreign born: 7.30%
Mean travel time to work (minutes), workers age 16 years+: 26.7

Housing

Number of Housing Units: 5,839,963
Owner-occupied housing unit rate: 69.20%
Median value of owner-occupied housing units: $226,200
Median gross rent per month: $1,110
Households with a computer: 91.90%
Households with a broadband Internet subscription: 87.10%

Education

High school graduate or higher, percent of persons age 25 years+: 91.70%
Bachelor’s degree or higher, percent of persons age 25 years+: 33.80%

Also See

• Pennsylvania Registered Agent Services
• Pennsylvania Secretary of State Business Search
• How To Form an LLC In Pennsylvania
• Pennsylvania Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Pennsylvania
• https://www.ibisworld.com/united-states/economic-profiles/pennsylvania/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-PA.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/mid-atlantic/pennsylvania.htm#eag
• https://www.census.gov/quickfacts/fact/table/PA,US/PST045223
• https://www.50pros.com/fortune500