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Erie city, PA
ZIP 16503 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Low Income AreaLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Erie city, PA (16503)
Median Income
$29,108
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+692
Wealth inflow
Population
15,204
Unemployment
12.4%
8.7pp above US avg
IRS migration statistics show a net inflow of about 692 for ZIP 16503 (Erie city, PA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 16503 (2020–Present)
Since 2020, population declined 4.1%, median income fell 6.8% (inflation-adjusted), home values increased 1.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $29,108 |
| Unemployment | 12.4% |
| Establishments | 216 |
| Employees | 3,625 |