McKean County PA - Demographics Bradford PA  16701

 

 

McKean County

 

 

 Household

16701

Pennsylvania

Number of Households

5,510

4,836,935

Average Household Size

2.31

2.48

Household: With Children

1,773

1,553,674

Household: With no Children

3,738

3,283,261

Household: Family

3,390

3,220,607

Household: Non-Family

2,120

1,616,328

Total Dwelling Units

6,335

5,450,054

Housing

16701

Pennsylvania

Median Home Price

50,000

27%

In Current Residence 5+ Years

45%

42%

Annual Residential Turnover

17%

17%

Median Years in Residence

4.34

3.99

Median Dwelling Age

60

43

Income

16701

Pennsylvania

Median Household Income

$33,475

$45,389

Average Household Income

$43,187

$58,718

Average Income Change (since 2000)

11%

13%

Per Capita Income

$18,872

$23,603

Sales Tax Rate

6%

6%

Sales Tax Type

CO

ST

Median Disposable Income

$29,668

$39,194

 Net Worth

16701

Pennsylvania

Median Household Net Worth

$36,663

$42,528

Average Household Net Worth

$126,279

$140,489

Median Home Price

$50,000

$205,500

 Cost of Living

16701

Pennsylvania

Average Total Household Expenditure

$39,705

$48,250

Household Expenditure Index (100=National Average)

78

95

Cost of Living Index (100=National Average)

Employment by Industry Local 

Top 10 Employers

1 - ZIPPO MANUFACTURING COMPANY

2 - BRADFORD HOSPITAL

3 - FEDERAL GOVERNMENT

4 - BRADFORD AREA SCHOOL DISTRICT

5 - MCKEAN COUNTY

6 - W R CASE & SONS CUTLERY COMPANY

7 - WAL-MART ASSOCIATES INC

8 - SAINT-GOBAIN CONTAINERS INC

9 - ETHAN ALLEN INC

10 - UNIVERSITY OF PITTSBURGH

RE Comparables:

Range: $1.6 million to $19,000

Sample Size: 381 in 20 mile radius

200K+: 68

199K-100K: 65

99K-50K: 150

49K-19K: 98

Overall average house price for 20 mile radius: $205,500.00

Most significant changes in area economy over last 5 years: Oil and Gas well drilling permits up by 181 new applications and Deep oil vain geological find 2007. Seneca Allegany Casino opened with completed construction in 2007 & Median household income up 15% from 1997 to 2007. Average high end housing price up from 200K to 500K over last 10 years.

Local Amenities:

5 Golf courses within a 25 mile area

Seneca Allegany Casino (Concert hall opened Jan. 2008)

Hamlin Lake

(Large playground, picnic area, Skateboard Park, Tennis courts, fishing)

Allegany National Forest & Kinzu reservoir

(Boating, Camping, ATV Trails, & Fishing)

3 Ski Resorts within a 50 mile radius (Denton Hill, Peak & Peak, Holiday Valley)

Chautauqua Lake

Chautauqua Institute

ZIPPO/Case Visitors center

Arms & Armor Museum

Eldred WWII History Museum

Malls & Shopping centers in Bradford, Salamanca, and Olean within 25 mile radius.

 

Hamlin Lake Smethport

 Kinzua Reservoir