Zip 19123 (Philadelphia, PA) Economy


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Philadelphia, PA's 19123 zip code is home to a rich collection of local businesses. From the slow-paced coffee shops to bustling restaurants, the area caters to many tastes and offers an eclectic array of shopping experiences. Some popular local businesses include Little Pete’s Diner, Pizzeria Stella, and Wild Flour Bakery. These eateries all provide quality food in a unique atmosphere perfect for locals who want to enjoy something different than the standard chain restaurant. Other shops worth noting include Charm Couture Clothing Boutique, Bok Bar Rooftop Beer Garden, and Halcyon Floats & Fizz Spa. With 2 bedroom rent averaging $2,050 compared to the US average of $1,430 and grocery cost index at 110 compared to 100 in the US elsewhere, 19123 Philadelphia provides a vibrant atmosphere for locals and visitors alike.

Philadelphia (zip 19123) has an unemployment rate of 10.6%. The US average is 6.0%.

Philadelphia (zip 19123) 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 19123)
- The Sales Tax Rate for Philadelphia (zip 19123) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 19123) 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 19123)
- The average income of a Philadelphia (zip 19123) resident is $59,123 a year. The US average is $37,638 a year.
- The Median household income of a Philadelphia (zip 19123) resident is $83,008 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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