Zip 16940 (Nelson, PA) Economy


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United States / Pennsylvania / No Metro Area / Tioga County / No City / Nelson (zip 16940)
Nelson, Pennsylvania is a small town of about 2,000 people located in Mercer county. Despite its small size Nelson offers a great lifestyle for those looking to live in rural America. With the average two bedroom rent coming in at $850, it is much cheaper than the US average of $1,430 making it an affordable option for families. Grocery prices are also lower on average, with an index score of 97 compared to 100 nationally.
Those living in Nelson have access to plenty of local amenities which make life easier and more enjoyable including shops like Walgreens and Country Fair Market. For leisure activities there are several parks including the aptly named Greenville Park and Niederberger Nature Trail which offer opportunities for outdoor recreation. Those looking for something to eat can find a variety of restaurants such as Mike's Pizza & Italian Restaurant and the Clock Tower Cafe serving up delicious meals.

Nelson (zip 16940) has an unemployment rate of 7.9%. The US average is 6.0%.

Nelson (zip 16940) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 13.5%, which is lower than the US average of 33.5%.

Tax Rates for Nelson (zip 16940)
- The Sales Tax Rate for Nelson (zip 16940) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nelson (zip 16940) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Nelson (zip 16940)
- The average income of a Nelson (zip 16940) resident is $27,093 a year. The US average is $37,638 a year.
- The Median household income of a Nelson (zip 16940) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNelson, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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