Quick facts: Bryn mawr, PA

Quick Facts

101.5
Cost of Living
above US average
5,508
Population
28.87
Crime Rate per 1000
above US average
$93,250
Median Income
above US average
$600,000
Median House Price
above US average
$3353.89
Average Rent
above US average
3%
Poverty Rate
below 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 $93,250.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $600,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $93,250
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Income Needed to Rent

⚠ Stretch
$144k/year
Based on $3353.89/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $144k vs median $93,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bryn mawr, PA

Bryn Mawr is a charming suburban community located in Montgomery County, Pennsylvania, just 11 miles west of Philadelphia. It is known for its prestigious colleges, including Bryn Mawr College, which is one of the Seven Sisters women's colleges. The area is characterized by its beautiful tree-lined streets, historic architecture, and a vibrant local culture. The town offers a mix of residential areas, shops, and restaurants, making it a convenient and inviting place to live and visit. Bryn Mawr has a rich history, with many buildings dating back to the late 19th and early 20th centuries, and it's surrounded by scenic landscapes, including nearby reservation parks and the picturesque Radnor Lake. Transportation is accessible, with the SEPTA regional rail providing a direct line to Philadelphia, making it ideal for commuters. The community hosts various events throughout the year, reinforcing its tight-knit atmosphere. Overall, Bryn Mawr is an attractive blend of academic excellence, historical significance, and suburban charm.

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