Zip 16245 (Oak Ridge, PA) Economy


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The town of Oak Ridge, Pennsylvania, located in Schuylkill County, offers an affordable cost of living. The average two bedroom rent cost in the area is $840, which is much lower than the average two bedroom rent price of $1,430 nationally. In addition to lower rent costs, Oak Ridge's Grocery Cost Index is 95 compared to the US index at 100. Local companies that offer services in the area include a variety of shops such as A&D Motors Inc., Denziners Auto Body LLC and Icerman's Service Center. Other businesses located in Oak Ridge are Tamaqua Garden Apartments and C&K Excavating & Landscaping. These companies provide essential services to residents and help add to the vitality of the beautiful town of Oak Ridge, Pennsylvania.

Oak Ridge (zip 16245) has an unemployment rate of 8.5%. The US average is 6.0%.

Oak Ridge (zip 16245) 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 Oak Ridge (zip 16245)
- The Sales Tax Rate for Oak Ridge (zip 16245) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Ridge (zip 16245) 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 Oak Ridge (zip 16245)
- The average income of a Oak Ridge (zip 16245) resident is $22,482 a year. The US average is $28,555 a year.
- The Median household income of a Oak Ridge (zip 16245) resident is $43,929 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOak Ridge, PennsylvaniaUnited States
  8.56
  -6.9%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.1%4.6%
  $20,159$37,638
  $43,929$69,021
  $49,408$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  23.1%10.0%
  0.0%2.5%
  20.3%11.0%
  3.5%4.8%
  0.0%0.8%
  3.5%1.9%
  2.8%4.7%
  2.1%1.9%
  0.0%7.6%
  0.0%0.1%
  2.1%4.2%
  2.8%9.3%
  11.2%14.0%
  0.0%2.1%
  0.0%7.0%
  21.0%4.8%
  7.7%4.7%
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