Quick facts: Meyersdale, PA

Quick Facts

101.5
Cost of Living
above US average
2,038
Population
58.88
Crime Rate per 1000
above US average
$65,521
Median Income
below US average
$625,000
Median House Price
above US average
$1511
Average Rent
above US average
8%
Poverty Rate
below US average
4.3%
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 $65,521.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $65,521
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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 ($65,521) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Meyersdale, PA

Meyersdale is a small borough located in Somerset County, Pennsylvania, with a rich history and a picturesque setting in the Appalachian Mountains. Known for its charming, small-town atmosphere, Meyersdale is surrounded by beautiful landscapes, including rolling hills and lush forests, making it an ideal spot for outdoor enthusiasts. The town has a population of around 1,300 residents, fostering a close-knit community vibe. One of its notable features is the nearby Great Allegheny Passage, a popular trail for biking, hiking, and enjoying scenic views, which attracts outdoor adventurers year-round. Meyersdale has a rich cultural heritage, prominently featuring historical sites like the Meyersdale Area Historical Society and the historic Casselman Inn, which reflects its early 19th-century roots. The town also hosts various community events and festivals that celebrate its local culture and traditions, contributing to the sense of community. With its strong sense of history, vibrant community spirit, and beautiful natural surroundings, Meyersdale is a quaint and inviting place to visit or call home.

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