Zip 19107 (Philadelphia, PA) Economy


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19107 Philadelphia, PA is located in Center City and offers a vibrant lifestyle. The two bedroom rent for this area is $2,190 which is significantly higher than the US average of $1,430. Living here can be expensive but the area has many amenities to offer. There are popular places such as Rittenhouse Square which host events that make for a good cultural experience. In the business world, 19107 Philadelphia, PA is home to many companies such as Comcast, Aramark, GlaxoSmithKline and Bristol-Myers Squibb. The grocery cost index in 19107 Philadelphia, PA is 108 versus 100 in the US meaning that groceries overall cost more here than elsewhere in the country. All in all, living in 19107 Philadelphia, PA costs more than other areas of the US but provides a unique opportunity to take part of an urban culture with diverse events and businesses.

Philadelphia (zip 19107) has an unemployment rate of 10.6%. The US average is 6.0%.

Philadelphia (zip 19107) has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.

Tax Rates for Philadelphia (zip 19107)
- The Sales Tax Rate for Philadelphia (zip 19107) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 19107) is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Philadelphia (zip 19107)
- The average income of a Philadelphia (zip 19107) resident is $54,974 a year. The US average is $37,638 a year.
- The Median household income of a Philadelphia (zip 19107) resident is $62,280 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhiladelphia, 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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