Housing costs in Erie?
A typical home costs
$194,800, which is 42.4% less expensive than the national average of
$338,100 and 19.8% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Erie costs
$820 per month, which is 32.2% cheaper than the national average of
$1,210 and 15.9% cheaper than the state average of
$950.
Can I afford Erie?
To live comfortably in Erie (zip 16501), Pennsylvania, a minimum annual income of
$37,440 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in 16501 Erie, PA is relatively low compared to other cities. The median home value is around $77,000, which is significantly lower than the U.S. median home value of $196,500. Additionally, the median household income is around $36,300 which is also lower than the U.S. median household income of $51,939. This means that living in 16501 Erie allows for a much more affordable lifestyle with less money spent on housing and other expenses. Furthermore, property taxes are quite low at 1% for primary residences and 8% for non-primary residences while sales tax runs at 6%. All in all, living in this city offers an affordable lifestyle without sacrificing quality of life or comfort.