Reading is a city in Pennsylvania state in USA with a population of 88333 residents.. The poverty rate of Reading is 30.9%, which is 121% higher than national average. The typical household in Reading earns $35745 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 62.7% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Reading are struggling financially. Nearly one in every 1 in every 9 workers in Reading is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Reading, only 69% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Reading remained 11.4%, which is 143% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Reading, only 9% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Reading is 88, which is 12% lower than national average. Median home value in Reading is $79500 , which is 65% lower than national average. While median income in Reading remained $35745, which is 47% lower than national average.