Housing costs in Erie?
A typical home costs
$67,700, which is 80.0% less expensive than the national average of
$338,100 and 72.1% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Erie costs
$960 per month, which is 20.7% cheaper than the national average of
$1,210 and close to the state average of
$950.
Can I afford Erie?
To live comfortably in Erie (zip 16507), Pennsylvania, a minimum annual income of
$12,960 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in 16507 Erie, PA is quite reasonable. According to the Council for Community and Economic Research's Cost of Living Index in 2019, the index score for this area is 84.7, which is lower than the national average of 100. Housing costs are especially affordable; the median home value in Erie County is around $123,100 making it a great option for those looking for an affordable place to live. Additionally, grocery and utility costs are also fairly low compared to other areas in the country. All in all, 16507 Erie, PA offers a nice balance between affordability and quality of life that makes it an attractive choice for those looking to relocate to this area.