Quick facts: Elrama, PA

Quick Facts

101.5
Cost of Living
above US average
248
Population
201.61
Crime Rate per 1000
above US average
$60,714
Median Income
below US average
$150,000
Median House Price
above US average
$1511
Average Rent
above US average
5%
Poverty Rate
below US average
4.5%
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 $60,714.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($60,714) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1511/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $60,714
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elrama, PA

Elrama is a small, unincorporated community located in Allegheny County, Pennsylvania. Nestled along the banks of the Monongahela River, it presents a tranquil environment with a close-knit community feel. The area features a mix of residential homes, local businesses, and scenic green spaces, making it ideal for those seeking a quiet lifestyle away from the bustling city. Elrama's proximity to larger towns like McKeesport and Pittsburgh allows residents to easily access urban amenities, cultural attractions, and employment opportunities. The surrounding landscape is characterized by rolling hills and river views, perfect for outdoor activities such as hiking, fishing, and boating. Though small in size, Elrama is known for its community spirit and friendly atmosphere, often hosting local events and gatherings. With nearby parks and recreational areas, it caters to families looking for a peaceful environment while still being connected to the conveniences of nearby cities.

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