Cost of Living in Erie, PA

How far does a $70,000 salary go in Erie? Estimated income taxes on that gross salary total approximately $9,390 per year — combining federal taxes with Pennsylvania's state income tax. Subtract rent for a 2-bedroom apartment ($1,212/month based on HUD Fair Market Rents for the Erie metro area) and the estimated annual take-home is $46,066, or roughly $3,839 per month for everything else: food, transportation, savings, and discretionary spending.

The Erie metro has a cost of living index of 61.6 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 38% below the national average, Erie is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Erie represents approximately 21% of gross income. That falls comfortably below the 30% rent-burden guideline, a healthy position for building savings.