16403 Cambridge Springs, PA is a great place to live. The 2 bedroom rent is much lower than the US average at $780 per month. Groceries are also more affordable with a cost index of 95 compared to 100 in the US. Other costs like utilities, transportation, and healthcare are also relatively low. The town provides plenty of job opportunities with major employers such as Allegheny Technologies Inc., General Electric Transportation, and Alliance Corporation providing employment in the area. In addition to these larger companies, there are many small businesses that provide excellent services for local residents. Overall, Cambridge Springs has an excellent cost of living that makes it highly attractive for those looking for an affordable place to live.
Cambridge Springs (zip 16403) has an unemployment rate of 7.9%. The US average is 6.0%.
Cambridge Springs (zip 16403) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.
Tax Rates for Cambridge Springs (zip 16403)
- The Sales Tax Rate for Cambridge Springs (zip 16403) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cambridge Springs (zip 16403) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cambridge Springs (zip 16403)
- The average income of a Cambridge Springs (zip 16403) resident is $27,205 a year. The US average is $37,638 a year.
- The Median household income of a Cambridge Springs (zip 16403) resident is $61,515 a year. The US average is $69,021 a year.