Zip 16870 (Port Matilda, PA) Economy


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United States / Pennsylvania / State College Metro Area / Centre County / No City / Port Matilda (zip 16870)
Port Matilda, PA is an idyllic community that offers a wonderful lifestyle. Boasting a population of 16870, this small rural town provides residents with all the amenities they need to secure a comfortable and peaceful life. The 2 bedroom rent in Port Matilda averages around $1,140 per month, which is significantly lower than the US average of $1,430. In addition, groceries here are quite affordable due to the area’s Grocery Cost Index score of 109 compared to the national average of 100.
The town of Port Matilda also hosts a variety of local businesses and attractions to make life here more enjoyable. Popular companies include Stone Valley Supply Co., Graystone Hardware & Garden Center, Red Bird Cafe & Bakery, and Smith’s Auto Repair. Other popular attractions include Penn State University Athletics Complex and Penn State Sledding Hill for outdoor adventure. With so much to offer in terms of cost-effectiveness and entertainment, it's no surprise why so many people choose Port Matilda as their home.

Port Matilda (zip 16870) has an unemployment rate of 4.9%. The US average is 6.0%.

Port Matilda (zip 16870) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for Port Matilda (zip 16870)
- The Sales Tax Rate for Port Matilda (zip 16870) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Port Matilda (zip 16870) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Port Matilda (zip 16870)
- The average income of a Port Matilda (zip 16870) resident is $60,283 a year. The US average is $37,638 a year.
- The Median household income of a Port Matilda (zip 16870) resident is $106,411 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPort Matilda, PennsylvaniaUnited States
  4.96
  -6.9%-6.2%
  27.3%33.5%
  6.0%6.2%
  4.5%4.6%
  $60,283$37,638
  $106,411$69,021
  $123,542$85,028
  Population by Occupation
  1.0%1.2%
  0.2%0.5%
  4.1%6.8%
  7.0%10.0%
  1.9%2.5%
  8.9%11.0%
  4.5%4.8%
  0.5%0.8%
  2.0%1.9%
  2.2%4.7%
  1.7%1.9%
  10.5%7.6%
  0.1%0.1%
  2.4%4.2%
  28.1%9.3%
  13.0%14.0%
  1.4%2.1%
  4.2%7.0%
  3.8%4.8%
  2.4%4.7%
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