Lake City, PA · standard
ZIP Code 16423
Erie County, Pennsylvania - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 4,450
- 182/sq mi High-density area
- $74,635
- Median income Near-median income area
- $168,200
- Median home value Near-median home value
- 29.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Lake City pairs an above-median household income with below-median home values, in a rural, homeowner-dominated area.
- Top 46%
- household income, US ZIPs
- 33rd pct
- home value, US ZIPs
- 182
- people per sq mi
- 85%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 16423 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 16423 (Lake City, PA) fell -1.2% from 2023 to 2024.
ZIP code 16423 covers 24.5 square miles in Lake City, Erie County, Pennsylvania (a standard USPS delivery area), with a modest 4,450 residents on file, a density of 182 people per square mile, in the New York time zone.
ZIP 16423 lands in the middle-income range, with a median household income of $74,635 (4% below the average Pennsylvania ZIP), while per-capita income is $35,633. The poverty rate is 9.6%, with unemployment at 4.3%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $168,200 (26% below the average Pennsylvania ZIP), and median rent is $871; owner occupancy is 85.4%.
Educational attainment sits below the national norm: 29.4% of adults hold a bachelor's degree or higher, the median age is 38.1, and the average commute is 24 minutes. The page also surfaces 6 ZIP codes within roughly 10 miles and 6 more in Erie County, so 16423 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 16423
Top 5 sectors by establishment count in Lake City, PA
Which industries have the most business establishments in ZIP 16423.
- Manufacturing
Manufacturing
16 establishments
- Health care and social assistance
Health care and social assistance
8 establishments
- Accommodation and food services
Accommodation and food services
8 establishments
- Construction 6
Construction
6 establishments
- Retail trade 5
Retail trade
5 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 16423, Lake City, PA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
4,450
Population
24.5
Area (sq mi)
182
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 16423?
38.1
Median Age
50.3%
Male
49.7%
Female
2.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$74,635
Median Household Income
-4% vs state ZIP avg
$35,633
Per Capita Income
9.6%
Poverty Rate
4.3%
Unemployment Rate
23.5 min
Mean Commute Time
How ZIP 16423 ranks among Pennsylvania ZIPs
Lake City, PA household income vs. every Pennsylvania ZIP code
Median household income among 1,642 reporting Pennsylvania ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$74,635 Top 43% higher than 57% of 1,642 Pennsylvania ZIPs
Each bar is a $20K-wide band; taller bars hold more Pennsylvania ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
1,773housing units
1,773
Total Housing Units
1,565
Occupied Units
208
Vacant Units
2.45
Avg Household Size
Occupancy Type
$168,200
Median Home Value
-26% vs state ZIP avg
$871
Median Rent
1973
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 57 business establishments in ZIP 16423, employing approximately 903 people with a combined annual payroll of $37,922,000.
57
Businesses
903
Employees
$37.9M
Annual Payroll
7
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Manufacturing | 16 | 28.1% |
| Health care and social assistance | 8 | 14.0% |
| Accommodation and food services | 8 | 14.0% |
| Construction | 6 | 10.5% |
| Retail trade | 5 | 8.8% |
| Wholesale trade | 3 | 5.3% |
| Other services (except public administration) | 3 | 5.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 16423 vs 16417 →
ZIP 16423 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 16415
Fairview (16415)
8,916 residents
- 16417
Girard (16417)
8,329 residents
- 16401
Albion (16401)
6,581 residents
- 16423
Lake City (16423)
4,450 residents
- 16410 1,854
Cranesville (16410)
1,854 residents
- 16411 1,477
East Springfield (16411)
1,477 residents
- 16443 1,425
West Springfield (16443)
1,425 residents
What this shows Among its immediate neighbors, ZIP 16423 ranks #4 by population - useful context the national average alone can't give.
ZIP 16423 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 16415
Fairview (16415)
$108,214 median income
- 16417
Girard (16417)
$88,041 median income
- 16410
Cranesville (16410)
$83,977 median income
- 16423
Lake City (16423)
$74,635 median income
- 16443
West Springfield (16443)
$70,344 median income
- 16401
Albion (16401)
$70,052 median income
- 16411
East Springfield (16411)
$66,779 median income
What this shows By household income, ZIP 16423 ranks #4 of 7 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 16423, both outside PA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (4,450 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Erie County
Related Areas
Frequently Asked Questions
What county is ZIP code 16423 in?
ZIP code 16423 (Lake City) is located in Erie County, Pennsylvania. Erie County contains multiple ZIP codes, see the full list at /counties/erie-pa.
What is the population of ZIP code 16423?
ZIP code 16423 in Lake City, PA has a population of 4,450 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 16423?
The median household income in ZIP 16423 is $74,635, which is 2% below the national average of $76,288.
What is the average home value in ZIP 16423?
The median home value in ZIP 16423 is $168,200, which is 40% below the national average of $278,155.
What is the demographic makeup of ZIP 16423?
The largest racial group in ZIP 16423 is White at 88.9%. Hispanic or Latino residents make up 5.5% of the population.
How many businesses are in ZIP code 16423?
ZIP code 16423 has 57 business establishments employing approximately 903 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 16423?
The top industries by establishment count in ZIP 16423 are: Manufacturing (16), Health care and social assistance (8), Accommodation and food services (8). There are 7 industry sectors represented in total.
What is the education level in ZIP code 16423?
In ZIP code 16423, 67.3% of residents aged 25+ have a high school diploma or higher, and 29.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 16423?
The mean commute time for workers in ZIP code 16423 is 23.5 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 16423?
In ZIP code 16423, approximately 85.4% of occupied housing units are owner-occupied and 14.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 16423?
The poverty rate in ZIP code 16423 is 9.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 16423's numbers, next.
- See how ZIP 16423 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lake City, PA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.