Zip 19124 (Philadelphia, PA) Economy


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The 2 bedroom rent in 19124 Philadelphia, PA is $1,170 compared to the US average of $1,430. In terms of grocery costs, 19124 Philadelphia has an index of 100 compared to the US average. There are many local companies located in 19124 Philadelphia such as The Fresh Grocer which provides fresh groceries and produce for residents living in the area. Other local businesses include Sal’s Pizza which offers Italian cuisine and Subway which is a popular sandwich shop. These businesses provide employment opportunities and services to the residents of 19124 Philadelphia creating economic growth.

Philadelphia (zip 19124) has an unemployment rate of 10.6%. The US average is 6.0%.

Philadelphia (zip 19124) has seen the job market increase by 1.2% 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 19124)
- The Sales Tax Rate for Philadelphia (zip 19124) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 19124) 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 19124)
- The average income of a Philadelphia (zip 19124) resident is $14,641 a year. The US average is $28,555 a year.
- The Median household income of a Philadelphia (zip 19124) resident is $38,293 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhiladelphia, PennsylvaniaUnited States
  10.66
  -7.2%-6.2%
  28.4%33.5%
  8.0%6.2%
  7.0%4.6%
  $21,160$37,638
  $38,293$69,021
  $49,654$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.2%6.8%
  9.2%10.0%
  2.1%2.5%
  11.6%11.0%
  8.8%4.8%
  0.7%0.8%
  0.8%1.9%
  3.2%4.7%
  0.4%1.9%
  1.5%7.6%
  0.0%0.1%
  5.8%4.2%
  7.7%9.3%
  25.3%14.0%
  2.7%2.1%
  5.6%7.0%
  5.0%4.8%
  4.5%4.7%
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