Quick facts: Thorndale, PA

Quick Facts

101.5
Cost of Living
above US average
4,007
Population
7.49
Crime Rate per 1000
below US average
$96,667
Median Income
above US average
$525,000
Median House Price
above US average
$2265.67
Average Rent
above US average
6%
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 $96,667.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $96,667
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Income Needed to Rent

⚠ Stretch
$97k/year
Based on $2265.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $97k vs median $96,667
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Thorndale, PA

Thorndale, PA, is a small yet vibrant community located in Chester County, approximately 35 miles west of Philadelphia. Part of Caln Township, it encompasses a mix of residential neighborhoods and local businesses, providing a quaint, suburban atmosphere. Thorndale’s strategic location offers residents easy access to major highways, including Route 30 and the Pennsylvania Turnpike, facilitating convenient commutes to nearby cities and attractions. Historically, it reflects a rich blend of agricultural roots and industrial growth, with several historical sites and landmarks in the area. The community is known for its family-oriented environment, showcasing well-maintained parks, such as the nearby Caln Township Parks, which offer recreational facilities for residents of all ages. Education is emphasized in Thorndale, falling within the Coatesville Area School District, which provides quality educational opportunities for children. Additionally, the town boasts a diverse range of dining options, shops, and services, contributing to its charm. Overall, Thorndale is an inviting place that combines the tranquility of suburban life with accessibility to urban amenities.

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