Quick facts: State college, PA

Quick Facts

101.5
Cost of Living
above US average
40,745
Population
20.79
Crime Rate per 1000
below US average
$43,459
Median Income
below US average
$629,900
Median House Price
above US average
$2503.41
Average Rent
above US average
18%
Poverty Rate
above US average
5.0%
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 $43,459.

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Income Needed to Buy

βœ— Stretch
$198k/year
Based on $629,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $198k vs median $43,459
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Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2503.41/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $43,459
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for State college, PA

State College, Pennsylvania, is a vibrant community best known as the home of Pennsylvania State University (Penn State). Located in Centre County, the town has a population of around 42,000, which swells during the academic year due to the large student body. State College offers a picturesque setting, with the nearby Appalachian Mountains providing excellent opportunities for outdoor activities such as hiking, biking, and skiing. The downtown area features a mix of shops, restaurants, and entertainment venues, creating a lively atmosphere. Cultural events abound, with the university hosting concerts, art exhibits, and sports events. The famous Beaver Stadium, one of the largest college football stadiums in the nation, draws fans from across the country on game days. State College is also known for its approachable, friendly vibe and strong sense of community spirit. With a diverse population and a rich cultural scene, this charming town blends small-town charm with the energy of a university city, making it a unique place to live, work, and visit.

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