Quick facts: Lucernemines, PA

Quick Facts

101.5
Cost of Living
above US average
881
Population
266.74
Crime Rate per 1000
above US average
$67,135
Median Income
below US average
$20,000
Median House Price
above US average
$1511
Average Rent
above US average
10%
Poverty Rate
below US average
5.3%
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 $67,135.

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Income Needed to Buy

βœ“ Affordable
$6k/year
Based on $20,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($67,135) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$65k/year
Based on $1511/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($67,135) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lucernemines, PA

Lucernemines is a small, unincorporated community located in Indiana County, Pennsylvania. Nestled in the scenic Allegheny Mountains region, it offers a tranquil, rural setting characterized by its lush greenery and natural beauty. The area is primarily residential, attracting those who appreciate a quiet lifestyle away from the hustle and bustle of larger cities. The community is part of the larger township of Blacklick and has a close-knit atmosphere. Residents engage in various outdoor activities, such as hiking, fishing, and camping, thanks to the nearby state parks and natural reserves. While Lucernemines lacks extensive commercial facilities, essential amenities can be found in the neighboring towns, ensuring residents have access to basic services and retail options. The location serves as an excellent base for exploring the rich cultural and historical heritage of Indiana County, including local festivals, farmers' markets, and historical sites. Overall, Lucernemines offers a peaceful and inviting environment for those seeking a retreat in Pennsylvania’s picturesque landscape.

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