Zip 16140 (New Bedford, PA) Economy


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16140 New Bedford, PA is located in Bedford County and is a great place to settle down and raise a family. The average rent for a 2 bedroom home is $850, which is significantly lower than the US national average of $1430. Additionally, the Grocery Cost Index in 16140 New Bedford, PA is 97 compared to the US national average of 100, meaning groceries are more affordable here. There are plenty of local businesses in 16140 New Bedford, PA providing unique services to the community. Some popular businesses include DCB Enterprises Inc., Claysburg Farm Centre Inc., and Bob's Towing & Automotive LLC. All in all, 16140 New Bedford, PA provides an excellent cost of living for its citizens making it an attractive destination to live.

New Bedford (zip 16140) has an unemployment rate of 9.3%. The US average is 6.0%.

New Bedford (zip 16140) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.

Tax Rates for New Bedford (zip 16140)
- The Sales Tax Rate for New Bedford (zip 16140) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Bedford (zip 16140) is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New Bedford (zip 16140)
- The average income of a New Bedford (zip 16140) resident is $22,366 a year. The US average is $37,638 a year.
- The Median household income of a New Bedford (zip 16140) resident is $66,467 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Bedford, 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%
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