Erie, Pennsylvania (16508) is a great place to live for those looking for an affordable lifestyle. With a two bedroom rent of only $920 compared to the US average of $1,430, it provides a much more reasonable alternative for those who want to reside in the area. Along with lower rent costs, the grocery cost index in Erie is also very low, coming in at 94 compared to the US average of 100. This makes it easier to afford everyday products that are necessary for day-to-day life. Additionally, there are plenty of local companies in Erie that provide job opportunities for those living there. Businesses like Highmark Blue Cross Blue Shield, the Presque Isle Downs & Casino and URBN are just a few that help boost the economy and bring people from near and far into this great city. All in all, 16508 Erie is a great place for anyone looking to start fresh or change up their own living situation at an affordable price.
Erie (zip 16508) has an unemployment rate of 10.7%. The US average is 6.0%.
Erie (zip 16508) 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 16508)
- The Sales Tax Rate for Erie (zip 16508) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Erie (zip 16508) 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 16508)
- The average income of a Erie (zip 16508) resident is $29,573 a year. The US average is $37,638 a year.
- The Median household income of a Erie (zip 16508) resident is $50,625 a year. The US average is $69,021 a year.