Zip 16229 (Freeport, PA) Economy


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16229 Freeport, PA is a small town located in the heart of Armstrong County. The cost of living is low with a two bedroom rent of $960, compared to the US two bedroom rent of $1,430. Grocery cost index in 16229 Freeport, PA is equal to that in the US at 100. Local companies include: Anytime Fitness, Auto Zone, Dollar General and Rite Aid Pharmacy. There are also several local restaurants such as Julie's Cafe and Ryan's Restaurant & Bar as well as churches like First Presbyterian Church and St Mary's Catholic Church. Residents also have access to an outdoor pool at Rock Point Park for summer fun. All in all, 16229 Freeport, PA offers numerous amenities at a low cost of living.

Freeport (zip 16229) has an unemployment rate of 8.5%. The US average is 6.0%.

Freeport (zip 16229) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Freeport (zip 16229)
- The Sales Tax Rate for Freeport (zip 16229) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Freeport (zip 16229) 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 Freeport (zip 16229)
- The average income of a Freeport (zip 16229) resident is $28,861 a year. The US average is $28,555 a year.
- The Median household income of a Freeport (zip 16229) resident is $70,901 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFreeport, PennsylvaniaUnited States
  8.56
  -6.9%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $39,748$37,638
  $70,901$69,021
  $83,934$85,028
  Population by Occupation
  0.5%1.2%
  1.2%0.5%
  9.8%6.8%
  15.2%10.0%
  1.8%2.5%
  11.9%11.0%
  2.9%4.8%
  3.6%0.8%
  2.2%1.9%
  3.3%4.7%
  1.8%1.9%
  3.9%7.6%
  0.0%0.1%
  1.7%4.2%
  5.9%9.3%
  22.8%14.0%
  0.4%2.1%
  4.6%7.0%
  5.0%4.8%
  1.5%4.7%
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