In the neighborhood of 19116 Philadelphia, PA, the average 2 bedroom rent is $1,360 which is lower than the US average of $1,430. Additionally, the grocery cost index in this area stands at 105 compared to 100 in the rest of the nation. The area is home to many local companies including Wawa and Sheetz convenience stores, Reading Terminal Market for good food offerings and plenty of shopping opportunities such as Macy's and Primark. There are also several local restaurants such as Little Pete's Diner or Hip City Veg that specialize in regional cuisine. Other places like Franklin Institute and Eastern State Penitentiary offer a unique experience that’s hard to find anywhere else.
Philadelphia (zip 19116) has an unemployment rate of 10.6%. The US average is 6.0%.
Philadelphia (zip 19116) 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 19116)
- The Sales Tax Rate for Philadelphia (zip 19116) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 19116) 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 19116)
- The average income of a Philadelphia (zip 19116) resident is $31,726 a year. The US average is $37,638 a year.
- The Median household income of a Philadelphia (zip 19116) resident is $59,390 a year. The US average is $69,021 a year.