Zip 16602 (Altoona, PA) Economy


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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 -5.1% 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 $27,848 a year. The US average is $37,638 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
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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