Zip 16829 (Clarence, PA) Economy


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Clarence, PA is a small town located in Elk County. This area has a population of 16829 and offers many opportunities for outdoor activities. The average two bedroom rental rate in Clarence is $1170 per month, which is significantly lower than the national average two bedroom rent of $1430. Additionally, the Grocery Cost Index in Clarence is 99 compared to the US index of 100, making groceries more affordable here.
There are a variety of local businesses that operate out of Clarence, including Tiedeman's Hardware & Auto Supply Store, Schott Brothers General Store, and Clarence Veterinary Clinic. Furthermore, there are several restaurants such as Lio's Pizza and Subs and Wabash Valley Family Restaurant that serve delicious food to locals and visitors alike. All in all, Clarence provides its citizens with an abundance of services and amenities that make life more enjoyable and convenient for everyone who lives here.

Clarence (zip 16829) has an unemployment rate of 4.9%. The US average is 6.0%.

Clarence (zip 16829) 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 Clarence (zip 16829)
- The Sales Tax Rate for Clarence (zip 16829) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clarence (zip 16829) is 5.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Clarence (zip 16829)
- The average income of a Clarence (zip 16829) resident is $24,058 a year. The US average is $37,638 a year.
- The Median household income of a Clarence (zip 16829) resident is $50,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClarence, PennsylvaniaUnited States
  4.96
  -6.9%-6.2%
  27.3%33.5%
  6.0%6.2%
  5.6%4.6%
  $24,058$37,638
  $50,000$69,021
  $65,000$85,028
  Population by Occupation
  0.4%1.2%
  2.9%0.5%
  8.2%6.8%
  11.1%10.0%
  1.4%2.5%
  7.5%11.0%
  5.4%4.8%
  0.0%0.8%
  0.0%1.9%
  1.1%4.7%
  0.0%1.9%
  6.1%7.6%
  0.0%0.1%
  2.5%4.2%
  20.4%9.3%
  8.2%14.0%
  0.0%2.1%
  7.5%7.0%
  11.8%4.8%
  5.4%4.7%
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