Housing costs in Erie?
A typical home costs
$190,800, which is 43.6% less expensive than the national average of
$338,100 and 21.4% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Erie costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 28.7% cheaper than the state average of
$1,210.
Can I afford Erie?
To live comfortably in Erie (zip 16505), Pennsylvania, a minimum annual income of
$36,720 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in 16505 Erie, PA is surprisingly affordable compared to other areas. Housing costs are relatively low, with the median home price being $121,000 which is far below the national average. Additionally, groceries and healthcare are both reasonably priced. Utilities and transportation costs tend to be slightly higher than the US average, but essential living expenses can still be kept within a reasonable budget. All in all, living in 16505 Erie, PA can be quite affordable if you manage your finances wisely.