Zip 16506 (Erie, PA) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Pennsylvania / Erie Metro Area / Erie County / No City / Erie (zip 16506)
Erie, PA is a great place to call home. The two bedroom rent in Erie is just $1,140 compared to the US average of $1,430, making it an affordable option for those looking for a new place to live. Additionally, grocery cost index in the area is only 99 versus 100 in the US. There are plenty of local businesses that make this city unique. Notable companies include GE Transportation headquarters, Lord Corporation, and Erie Insurance Group. These large employers provide countless jobs for those who call Erie home. Alongside these giants there are many smaller business that offer unique items and services such as clothing boutiques and specialty food options. These local businesses make Erie a great place to call home.

Erie (zip 16506) has an unemployment rate of 7.6%. The US average is 6.0%.

Erie (zip 16506) 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 17.0%, which is lower than the US average of 33.5%.

Tax Rates for Erie (zip 16506)
- The Sales Tax Rate for Erie (zip 16506) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Erie (zip 16506) 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 Erie (zip 16506)
- The average income of a Erie (zip 16506) resident is $42,706 a year. The US average is $37,638 a year.
- The Median household income of a Erie (zip 16506) resident is $77,137 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyErie, 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%
Reviews for Erie
    See all ()

Over 15 years ago

Millcreek Township is a relatively affluent suburb of Erie, Pennsylvania. Basically, it is a bedroom community. If you are looking for cultural events (e.g., symphony  More

   |    Reply

I Love Erie, and specifically Millcreek Township for its outstanding  More

   |    Reply

Start Your Review of Erie

Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.