Zip 16601 (Altoona, PA) Economy


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16601 Altoona, PA is a quiet and peaceful city located in Pennsylvania. The two bedroom rent in 16601 Altoona is $900 which is significantly lower than the national average of $1,430. With its relatively low cost of living compared to the rest of the country, it makes it an attractive option for those looking for an affordable place to live. Grocery Cost Index in 16601 Altoona is 98 versus 100 in the US, which makes it even more attractive to those looking for a place to call home.
For residents and visitors alike, there are plenty of local companies around 16601 Altoona that provide excellent services and products. Some locally owned businesses include Kern’s Home Center, Domino’s Pizza, Boscov’s Department Store, UPMC Altoona Hospital and True Value Hardware. Each one of these companies offers something unique that can benefit locals or visitors alike.

Altoona (zip 16601) has an unemployment rate of 8.1%. The US average is 6.0%.

Altoona (zip 16601) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.

Tax Rates for Altoona (zip 16601)
- The Sales Tax Rate for Altoona (zip 16601) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Altoona (zip 16601) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Altoona (zip 16601)
- The average income of a Altoona (zip 16601) resident is $20,961 a year. The US average is $28,555 a year.
- The Median household income of a Altoona (zip 16601) resident is $51,072 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAltoona, PennsylvaniaUnited States
  8.16
  -5.1%-6.2%
  18.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,979$37,638
  $51,072$69,021
  $66,510$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  6.8%6.8%
  8.2%10.0%
  3.7%2.5%
  14.9%11.0%
  3.6%4.8%
  0.5%0.8%
  2.0%1.9%
  2.5%4.7%
  1.6%1.9%
  4.0%7.6%
  0.1%0.1%
  3.8%4.2%
  8.0%9.3%
  18.8%14.0%
  1.8%2.1%
  9.1%7.0%
  5.2%4.8%
  5.0%4.7%
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