Housing costs in Erie?
A typical home costs
$201,500, which is 40.4% less expensive than the national average of
$338,100 and 17.0% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Erie costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 12.0% cheaper than the state average of
$1,210.
Can I afford Erie?
To live comfortably in Erie (zip 16509), Pennsylvania, a minimum annual income of
$38,520 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in 16509 Erie, PA is relatively low compared to many other cities. According to BestPlaces, the overall cost of living index in 16509 Erie is rated at 86.65, which is 14% lower than the national average. This means that groceries, consumer goods, and transportation will be more affordable for those looking to live in this area. Additionally, housing prices are significantly lower than in other areas of the country; the median home sale price is around $75,000. Renting is also an economical option as the average monthly rent for a one-bedroom apartment is just $450. In general, 16509 Erie provides an excellent quality of life with an affordable cost of living.