Zip 16920 (Elkland, PA) Economy


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United States / Pennsylvania / No Metro Area / Tioga County / Elkland / Elkland (zip 16920)
Elkland, Pennsylvania is a small town located in Tioga County with a population of 1,692. It is a great place to live for those who are looking for a suburban lifestyle away from the hustle and bustle of larger cities. The median 2 bedroom rent in Elkland is $860 which is significantly lower than the US average of $1,430 making it an affordable option for many people. The Grocery Cost Index in this area sits at 97 compared to 100 in the US as a whole so groceries can also be found at reasonable prices. There are several local businesses including restaurants such as Snow’s Café and K&S Pizza Shop, convenience stores such as R W Miller II, antique stores like Old Country Store Antiques and other retail establishments that make up the core of Elkland’s businesses. All in all, Elkland offers an affordable cost of living with plenty of local amenities to keep its residents content.

Elkland (zip 16920) has an unemployment rate of 7.9%. The US average is 6.0%.

Elkland (zip 16920) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 13.5%, which is lower than the US average of 33.5%.

Tax Rates for Elkland (zip 16920)
- The Sales Tax Rate for Elkland (zip 16920) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elkland (zip 16920) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Elkland (zip 16920)
- The average income of a Elkland (zip 16920) resident is $22,954 a year. The US average is $28,555 a year.
- The Median household income of a Elkland (zip 16920) resident is $52,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElkland, PennsylvaniaUnited States
  7.96
  -4.9%-6.2%
  13.5%33.5%
  6.0%6.2%
  4.8%4.6%
  $29,324$37,638
  $52,188$69,021
  $74,135$85,028
  Population by Occupation
  0.9%1.2%
  1.0%0.5%
  5.9%6.8%
  35.6%10.0%
  1.5%2.5%
  13.0%11.0%
  2.9%4.8%
  1.3%0.8%
  0.0%1.9%
  1.8%4.7%
  2.3%1.9%
  1.1%7.6%
  0.0%0.1%
  2.7%4.2%
  3.6%9.3%
  16.7%14.0%
  1.5%2.1%
  2.9%7.0%
  1.0%4.8%
  4.1%4.7%
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