Zip 15724 (Cherry Tree, PA) Economy


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United States / Pennsylvania / Indiana Metro Area / Indiana County / No City / Cherry Tree (zip 15724)
15724 Cherry Tree, PA is a great place to live with an affordable 2 bedroom rent of $910. The grocery cost index is also lower than the US average, at 95 versus 100. This makes it easy for people living in 15724 Cherry Tree to save money on their essentials. Local companies include shops such as Harbor Station Market, Family Discount Store, and Deardorff’s Grocery and restaurants like Milano’s Pizza and Kitchen Cabana Café. There are also several parks in the area for leisurely strolls or picturesque picnics. All in all, 15724 Cherry Tree is a vibrant and beautiful place to live that offers plenty of amenities at a great price.

Cherry Tree (zip 15724) has an unemployment rate of 7.7%. The US average is 6.0%.

Cherry Tree (zip 15724) has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 9.2%, which is lower than the US average of 33.5%.

Tax Rates for Cherry Tree (zip 15724)
- The Sales Tax Rate for Cherry Tree (zip 15724) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cherry Tree (zip 15724) 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 Cherry Tree (zip 15724)
- The average income of a Cherry Tree (zip 15724) resident is $20,755 a year. The US average is $28,555 a year.
- The Median household income of a Cherry Tree (zip 15724) resident is $52,396 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCherry Tree, PennsylvaniaUnited States
  7.76
  -7.7%-6.2%
  9.2%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,487$37,638
  $52,396$69,021
  $60,083$85,028
  Population by Occupation
  2.1%1.2%
  3.8%0.5%
  8.1%6.8%
  8.8%10.0%
  2.9%2.5%
  18.1%11.0%
  9.7%4.8%
  1.1%0.8%
  0.5%1.9%
  1.7%4.7%
  0.0%1.9%
  0.9%7.6%
  0.0%0.1%
  1.2%4.2%
  8.5%9.3%
  16.1%14.0%
  2.8%2.1%
  3.9%7.0%
  5.9%4.8%
  3.8%4.7%
Health