Housing costs in Erie?
A typical home costs
$222,200, which is 34.3% less expensive than the national average of
$338,100 and 8.5% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Erie costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 6.1% cheaper than the state average of
$1,210.
Can I afford Erie?
To live comfortably in Erie (zip 16506), Pennsylvania, a minimum annual income of
$42,480 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in 16506 Erie, PA is quite reasonable. According to the Cost of Living Index by Sperling's BestPlaces, the cost of living in 16506 is 11 points lower than the national average. This means that although some goods and services may be slightly more expensive in this area than elsewhere in the country, overall residents can expect a relatively low cost of living for the area. Housing costs are particularly low, with mortgage and rental payments being much lower than average. In addition, transportation costs are also below average due to an affordable public transit system and plentiful carpooling opportunities. All these factors make 16506 Erie, PA an attractive location for those looking for a comfortable lifestyle at an affordable price point.