Quick facts: Towanda, PA

Quick Facts

101.5
Cost of Living
above US average
2,785
Population
53.86
Crime Rate per 1000
above US average
$53,354
Median Income
below US average
$64,999
Median House Price
above US average
$1900.0
Average Rent
above US average
10%
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 $53,354.

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Income Needed to Buy

βœ“ Affordable
$20k/year
Based on $64,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,354) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$81k/year
Based on $1900.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $81k vs median $53,354
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Towanda, PA

Towanda is a charming borough located in Bradford County, Pennsylvania. Nestled along the banks of the historic Susquehanna River, Towanda serves as the county seat and features a rich history dating back to the early 19th century. The town is known for its picturesque landscapes, quaint downtown area, and a close-knit community atmosphere. Towanda boasts a variety of local shops, restaurants, and services that cater to residents and visitors alike. Outdoor enthusiasts can enjoy recreational activities such as fishing, hiking, and boating in the surrounding natural areas. Adjacent to the borough, the scenic hills and forests provide ample opportunities for exploration and adventure. Local events and festivals often celebrate Towanda's heritage, fostering a sense of community pride. The town is also home to several historic landmarks, including the Bradford County Courthouse and various restored buildings that reflect its Victorian architecture. Overall, Towanda offers a delightful blend of small-town charm, natural beauty, and historical significance, making it a pleasant destination in northeastern Pennsylvania.

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