Zip 16504 (Erie, PA) Economy


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The town of Erie, Pennsylvania has an affordable cost of 2 bedroom rent at just $1,010. This makes it an attractive option for individuals looking for an economical place to live compared to the US average of $1,430. Likewise, the grocery cost index in Erie is 94 which is 6 points lower than the national average. Erie offers many local businesses such as Sander's Beer Distributor, McBane's Bar and Grill, and Yahn Und Son Inc. These companies provide a variety of services and products that benefit residents in the greater area.

Erie (zip 16504) has an unemployment rate of 10.7%. The US average is 6.0%.

Erie (zip 16504) has seen the job market decrease by -0.5% 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 16504)
- The Sales Tax Rate for Erie (zip 16504) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Erie (zip 16504) 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 16504)
- The average income of a Erie (zip 16504) resident is $20,311 a year. The US average is $28,555 a year.
- The Median household income of a Erie (zip 16504) resident is $43,758 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyErie, PennsylvaniaUnited States
  10.76
  -7.1%-6.2%
  14.2%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,831$37,638
  $43,758$69,021
  $64,004$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  2.5%6.8%
  16.7%10.0%
  1.4%2.5%
  14.8%11.0%
  1.7%4.8%
  0.5%0.8%
  0.4%1.9%
  4.1%4.7%
  1.0%1.9%
  3.7%7.6%
  0.2%0.1%
  2.8%4.2%
  8.3%9.3%
  17.0%14.0%
  2.1%2.1%
  12.0%7.0%
  6.4%4.8%
  4.0%4.7%
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