Zip 16602 (Altoona, PA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
16602 Altoona, PA is a small city located in Central Pennsylvania. It is a great place to live with a cost of living that is significantly lower than the national average. 2 bedroom rent in 16602 Altoona, PA is $950, while the US average rental price for 2 bedrooms is $1,430. Grocery costs are also much lower here, with an index score of 97 compared to the US' 100. The area has many local companies offering employment opportunities such as sheetz -- an East Coast convenience store chain-- and Blair Medical Associates -- a health care and medical services organization. Additionally, Penn State Health St. Margaret Hospital located within 16602 Altoona, PA helps to provide quality healthcare to local residents. 16602 Altoona, PA is a great place to live or work due to its low cost of living and variety of employers.

Altoona (zip 16602) has an unemployment rate of 8.1%. The US average is 6.0%.

Altoona (zip 16602) 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 16602)
- The Sales Tax Rate for Altoona (zip 16602) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Altoona (zip 16602) 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 16602)
- The average income of a Altoona (zip 16602) resident is $21,936 a year. The US average is $28,555 a year.
- The Median household income of a Altoona (zip 16602) resident is $45,637 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%
  $27,848$37,638
  $45,637$69,021
  $63,002$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  5.6%6.8%
  6.8%10.0%
  3.3%2.5%
  16.4%11.0%
  6.1%4.8%
  0.8%0.8%
  1.3%1.9%
  1.8%4.7%
  0.8%1.9%
  4.3%7.6%
  0.0%0.1%
  4.7%4.2%
  7.6%9.3%
  19.3%14.0%
  2.9%2.1%
  8.4%7.0%
  4.8%4.8%
  5.0%4.7%
Health