Quick facts: West chester, PA

Quick Facts

110.5
Cost of Living
above US average
19,531
Population
46.08
Crime Rate per 1000
above US average
$71,875
Median Income
below US average
$779,000
Median House Price
above US average
$2237.9
Average Rent
above US average
8%
Poverty Rate
below US average
4.2%
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 $71,875.

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Income Needed to Buy

βœ— Stretch
$244k/year
Based on $779,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $244k vs median $71,875
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2237.9/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $71,875
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for West chester, PA

West Chester, PA, is a charming borough located in Chester County, approximately 25 miles west of Philadelphia. Known for its vibrant downtown, West Chester boasts a mix of historic and contemporary attractions. The borough is home to a robust arts scene, with numerous galleries, theaters, and festivals celebrated throughout the year. The area has a rich history reflected in its well-preserved architecture and sites. West Chester was originally settled in the 18th century and serves as the county seat. The town is also known for its beautiful parks, such as Everhart Park and the scenic Brandywine Creek, offering recreational opportunities for residents and visitors alike. West Chester is also recognized for its strong educational framework, including West Chester Universityβ€”one of Pennsylvania's largest public universitiesβ€”which contributes to the lively atmosphere of the town. The culinary scene is diverse, featuring a variety of restaurants and cafes, alongside unique boutique shops, making it a delightful destination for a day out. With its combination of history, education, and community spirit, West Chester offers a welcoming environment and a rich quality of life.

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