According to the latest estimates, about 300,286 residents live in Pittsburgh, PA. Not everyone is earning the kind of income that will make you think twice, but to be fair, it really isn’t necessary. Compared to many cities in the US, the cost of living in Pittsburgh is low. Neither property nor goods and services are going to put a hole in your budget… as long as you stay away from the most exclusive neighborhoods of the city, of course. But what if you don’t mind spending money on a home? What if you want to live the champagne and caviar lifestyle? Where should you go then? If money isn’t an issue, you might want to visit these 10 Richest Pittsburgh Neighborhoods.
10. North Shore
Home to Heinz Field, PNC Park, and The Andy Warhol Museum, Pittsburgh’s North Shore neighborhood attracts dozens of visitors each year. If any of those visitors decide to make their visit more permanent, they will need some significant savings at the bank to fit in. While the real estate market includes its fair share of affordable options, there are plenty of homes at the higher end of the price spectrum for those who prefer it. Poverty is low and most households bring home very healthy paychecks.
9. Squirrel Hill South
If the thought of paying $ 323,700 for a property doesn’t make you cringe, you’ll feel right at home in Squirrel Hill South, a thriving neighborhood filled with boutiques, cafes, restaurants, and the kind of big spenders who don’t think about splashing. over $ 100,000 more on a property than the US average.
8. Southside Flats
Southside Flats is a small neighborhood of 6,736 residents. Despite its size, it is home to a host of bars, restaurants, and clubs, making it one of Pittsburgh’s top destinations for a night out. If you dream of rolling from the club straight to your bed (or vice versa), prepare to pay a premium for the privilege. The cost to buy and rent a property here is around 16% more than in other parts of the city, making the overall cost of living 6% higher than the US average. , the majority of residents have incomes that far exceed the national average.
7. Allegheny West
Allegheny West has something for everyone. Old manor houses stand alongside local shops and cafes. The metro and stadiums are within walking distance, and downtown and the river are a 5-minute drive away. The schools that serve the area are highly respected, the crime rate is low, and the overall atmosphere is relaxed and welcoming. Obviously, none of that is free. The median cost of a single-family home in the area is more than $ 50,000 more than the US median. Meanwhile, the average household earns more than $ 12,000 more than the average US family.
6. Regent Square
Regent Square regularly ranks as one of Pittsburgh’s most desirable neighborhoods, and for very good reason. Blessed with beautiful historic homes, a low crime rate, and a good selection of independent boutiques and restaurants, it is an attractive option for families and singles alike. What it is not, however, is cheap. The cost of living in Regent Square is approximately 14% higher than the national average. If you want to splurge on a single family home, expect to pay around 42 percent more than you would in most of the US Fortunately, the high costs are offset by some of the higher income in Pittsburgh.
If you’re on a budget, you may want to pass up the Shadyside neighborhood. Like most places in Pittsburg, the cost of goods and services is slightly below the national average. Unfortunately, any savings you make on haircuts and beer will soon be eaten up by accommodation costs, which are 46% higher than average. Fortunately, most residents earn the kind of income that will cover their mortgage payments with ease.
4. Central business district
If the commute is getting you down, the Central Business District might be just what the doctor ordered. As the home of large corporations like PNC Bank, US Steel, PPG, Bank of New York Mellon, Heinz, Federated Investors, and Alcoa, you could be in the office within minutes of getting out of bed. However, there is more to the district than multinationals – with many grocery stores, shops, entertainment venues, and around 250 restaurants and cafes, there is plenty to do after 9-5 ends. According to Home Snacks, the median income of $ 101,131 makes the neighborhood one of the most …