Quick facts: Allentown, PA

Quick Facts

105.2
Cost of Living
above US average
125,094
Population
26.04
Crime Rate per 1000
above US average
$52,449
Median Income
below US average
$279,900
Median House Price
above US average
$1860.63
Average Rent
above US average
18%
Poverty Rate
above US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,449.

🏠

Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $52,449
🏒

Income Needed to Rent

⚠ Stretch
$80k/year
Based on $1860.63/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $80k vs median $52,449
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Allentown, PA

Allentown, located in eastern Pennsylvania, is the third-largest city in the state. With a population of over 120,000, it is part of the Lehigh Valley region, which includes nearby cities like Bethlehem and Easton. Allentown is known for its rich industrial history, particularly in manufacturing, and has evolved into a center for education, healthcare, and commerce. The city features several parks and outdoor spaces, such as the picturesque Cedar Beach Park and the extensive Allentown Parks system. The Lehigh River runs through the city, providing recreational opportunities for residents. Culturally, Allentown boasts attractions like the Allentown Art Museum and the Da Vinci Science Center, which cater to a range of interests. The annual Allentown Fair and local music and arts festivals contribute to the vibrant community atmosphere. Allentown is also home to DeSales University and a number of public schools, emphasizing education in the region. The city's economy has diversified, with growing sectors in healthcare and technology complementing its historical industries.

πŸ” Search & Compare Places

First Location πŸ“