Zip 16314 (Cochranton, PA) Economy


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United States / Pennsylvania / Meadville Metro Area / Crawford County / No City / Cochranton (zip 16314)
16314 Cochranton, PA is a great place to live for individuals, couples, or small families. With a two-bedroom rent averaging $890 per month, it’s an affordable option for anyone looking to stay in the area. The grocery cost index is also low relative to the US average of 100; items can be purchased at 95 compared to the national standard.
In addition to its affordability and living costs, 16314 Cochranton, PA has several local companies that make it an attractive destination. Some of these businesses include Monico Distributors Inc., which specializes in wholesale food distribution; Pieken Electric Inc., which is known for its quality electrical services; and Kinzua Valley Nursery & Landscaping Co., which offers landscaping services as well as bulk mulch and top soil delivery. Each of these companies have years of experience in their respective industries and offer excellent customer service. In short, 16314 Cochranton, PA is an ideal place for anyone looking for an affordable home with reliable access to quality local businesses.

Cochranton (zip 16314) has an unemployment rate of 7.9%. The US average is 6.0%.

Cochranton (zip 16314) 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 Cochranton (zip 16314)
- The Sales Tax Rate for Cochranton (zip 16314) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cochranton (zip 16314) 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 Cochranton (zip 16314)
- The average income of a Cochranton (zip 16314) resident is $28,768 a year. The US average is $37,638 a year.
- The Median household income of a Cochranton (zip 16314) resident is $59,796 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCochranton, 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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