Quick facts: Bethlehem, PA

Quick Facts

105.3
Cost of Living
above US average
77,617
Population
19.24
Crime Rate per 1000
below US average
$62,072
Median Income
below US average
$499,900
Median House Price
above US average
$2214.12
Average Rent
above US average
13%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $62,072.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $62,072
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Income Needed to Rent

⚠ Stretch
$95k/year
Based on $2214.12/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $95k vs median $62,072
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bethlehem, PA

Bethlehem, Pennsylvania, is a city located in the Lehigh Valley region, about 70 miles north of Philadelphia. Known for its rich history and vibrant culture, Bethlehem was founded in 1741 by Moravian settlers and played a key role in the American Industrial Revolution, particularly noted for its steel manufacturing, notably with the Bethlehem Steel Corporation. Today, Bethlehem blends its historical roots with modern attractions. Visitors can explore the historic district featuring 18th-century architecture, such as the iconic Moravian Church and the charming Main Street, lined with boutiques, restaurants, and breweries. The city is also famous for its Christmas celebrations, especially the annual Bethlehem Christmas Market, which attracts tourists with its festive atmosphere. Educationally, Bethlehem is home to Lehigh University, renowned for its engineering and business programs. The city's cultural scene thrives with events at the Bethlehem Musikfest, one of the nation’s largest free music festivals, and the SteelStacks, an arts and cultural campus built on the site of the former steel plant. Outdoor enthusiasts can enjoy parks and nearby hiking trails, making Bethlehem a blend of history, culture, and nature.

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