Zip 16866 (Philipsburg, PA) Economy


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United States / Pennsylvania / State College Metro Area / Centre County / No City / Philipsburg (zip 16866)
Philipsburg, Pennsylvania is a small borough located in Centre County. This town has a population of 2,168 according to the 2019 estimates from the US Census Bureau. The rental rate for a two bedroom house or apartment in Philipsburg is $1,130, which is slightly lower than the national average of $1,430. Grocery prices are also more affordable in this town compared to other places in the US with an index score of 99 versus 100 on the national scale. People living here can take advantage of several local amenities such as Guttman's Market for groceries, Tom Johnson Bakery for bakery products and Fulton Financial Bank for financial services. All these companies offer great service at competitive prices that make Philipsburg an attractive place to live.

Philipsburg (zip 16866) has an unemployment rate of 4.9%. The US average is 6.0%.

Philipsburg (zip 16866) 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 27.3%, which is lower than the US average of 33.5%.

Tax Rates for Philipsburg (zip 16866)
- The Sales Tax Rate for Philipsburg (zip 16866) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Philipsburg (zip 16866) 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 Philipsburg (zip 16866)
- The average income of a Philipsburg (zip 16866) resident is $23,090 a year. The US average is $28,555 a year.
- The Median household income of a Philipsburg (zip 16866) resident is $45,993 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhilipsburg, PennsylvaniaUnited States
  4.96
  -6.9%-6.2%
  27.3%33.5%
  6.0%6.2%
  4.1%4.6%
  $26,307$37,638
  $45,993$69,021
  $69,590$85,028
  Population by Occupation
  0.5%1.2%
  0.1%0.5%
  11.2%6.8%
  12.2%10.0%
  0.8%2.5%
  11.8%11.0%
  3.6%4.8%
  1.1%0.8%
  0.2%1.9%
  1.4%4.7%
  1.6%1.9%
  2.8%7.6%
  0.0%0.1%
  4.5%4.2%
  9.1%9.3%
  19.4%14.0%
  0.8%2.1%
  5.1%7.0%
  6.5%4.8%
  7.3%4.7%
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