Derrick City, PA is a small borough located in McKean County with a population of 16727. Rent for two bedroom apartments averages $900 per month, which is much lower than the national average of $1,430. Grocery costs are also more affordable in Derrick City at 95 index points versus 100 nationally. The town is home to several local businesses including Derrick Creek Lumber, Derrick City Auto Parts, and Derrick City Dairy. Other notable businesses include Owl Glass & Mirror and Schall’s Blueberry Farm Market that offer goods and services to both the residents of Derrick City and the surrounding areas.
Derrick City (zip 16727) has an unemployment rate of 8.0%. The US average is 6.0%.
Derrick City (zip 16727) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.
Tax Rates for Derrick City (zip 16727)
- The Sales Tax Rate for Derrick City (zip 16727) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Derrick City (zip 16727) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Derrick City (zip 16727)
- The average income of a Derrick City (zip 16727) resident is $39,921 a year. The US average is $28,555 a year.
- The Median household income of a Derrick City (zip 16727) resident is $79,414 a year. The US average is $69,021 a year.