16501 Erie, PA is an area with affordable real estate and living costs. Rent for a two-bedroom unit is $820, lower than the national average of $1,430. The Grocery Cost Index for 16501 is 89 versus 100 in the US, making it a great location to save money on food. There are many local businesses nearby 16501, such as PJ's Sports Bar & Grill, Kaufman Insurance Agency and Gannon University Small Business Development Center. These businesses give the community economic opportunities for growth and success. Additionally, there are many other locally owned restaurants, cafes and retail stores around 16501 that offer homegrown services and products to locals.
Erie (zip 16501) has an unemployment rate of 10.7%. The US average is 6.0%.
Erie (zip 16501) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 14.2%, which is lower than the US average of 33.5%.
Tax Rates for Erie (zip 16501)
- The Sales Tax Rate for Erie (zip 16501) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Erie (zip 16501) 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 Erie (zip 16501)
- The average income of a Erie (zip 16501) resident is $14,620 a year. The US average is $37,638 a year.
- The Median household income of a Erie (zip 16501) resident is $13,395 a year. The US average is $69,021 a year.