Zip 16150 (Sharpsville, PA) Economy


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16150 Sharpsville, PA is a small town located in Mercer County with a population of 2,824. Residents of Sharpsville enjoy a lower cost of living than the national average. The two bedroom rent is $860 versus the US average of $1,430, while the grocery cost index sits at 97 compared to 100 nationally. The town offers several local businesses for residents to enjoy like Pizza Joe's for delicious Italian food and The Clubhouse Restaurant for full service dining or drinks on their patio. Pharmacies like Cunningham's Drugs and hardware stores like D&S Hardware provide additional convenience to Sharpsville’s citizens.

Sharpsville (zip 16150) has an unemployment rate of 8.4%. The US average is 6.0%.

Sharpsville (zip 16150) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.

Tax Rates for Sharpsville (zip 16150)
- The Sales Tax Rate for Sharpsville (zip 16150) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sharpsville (zip 16150) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Sharpsville (zip 16150)
- The average income of a Sharpsville (zip 16150) resident is $23,966 a year. The US average is $28,555 a year.
- The Median household income of a Sharpsville (zip 16150) resident is $53,855 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySharpsville, PennsylvaniaUnited States
  8.46
  -6.9%-6.2%
  12.6%33.5%
  6.0%6.2%
  4.1%4.6%
  $30,314$37,638
  $53,855$69,021
  $74,933$85,028
  Population by Occupation
  0.5%1.2%
  0.5%0.5%
  4.0%6.8%
  14.6%10.0%
  2.0%2.5%
  11.4%11.0%
  3.7%4.8%
  0.5%0.8%
  1.8%1.9%
  4.0%4.7%
  0.2%1.9%
  2.2%7.6%
  0.0%0.1%
  4.5%4.2%
  6.7%9.3%
  22.6%14.0%
  1.6%2.1%
  9.8%7.0%
  4.9%4.8%
  4.4%4.7%
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