Housing costs in Erie?
A typical home costs
$162,200, which is 52.0% less expensive than the national average of
$338,100 and 33.2% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Erie costs
$1,020 per month, which is 15.7% cheaper than the national average of
$1,210 and 6.9% more than the state average of
$950.
Can I afford Erie?
To live comfortably in Erie (zip 16510), Pennsylvania, a minimum annual income of
$30,960 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in 16510 Erie, PA is quite reasonable compared to the national average. Housing costs are particularly attractive, with a median home price of $80,500 – far lower than the national average of $231,200. The overall cost of living index for Erie is 83.7, which is below the national average of 100. This means that goods and services in the area will be relatively affordable when compared to other regions in the US. Additionally, local taxes are quite low in Erie County and can offer significant savings for residents. All these factors make 16510 an attractive location for those looking for a place to live at an affordable price point.