Quick facts: Meadville, PA

Quick Facts

90.5
Cost of Living
below US average
12,680
Population
14.2
Crime Rate per 1000
below US average
$46,157
Median Income
below US average
$169,000
Median House Price
above US average
$801.25
Average Rent
below US average
12%
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 $46,157.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $169,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $46,157
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Income Needed to Rent

βœ“ Affordable
$34k/year
Based on $801.25/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($46,157) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Meadville, PA

Meadville is a charming city located in Crawford County, Pennsylvania. Nestled at the confluence of French Creek and the Shenango River, it serves as the county seat and has a rich historical heritage that dates back to its founding in 1788. With a population of just over 13,000 residents, Meadville offers a small-town atmosphere paired with a vibrant community spirit. The city is known for its picturesque parks and recreational opportunities, including the nearby Conneaut Lake and Pymatuning State Park, which offer ample space for boating, fishing, and hiking. Meadville is also home to Allegheny College, a private liberal arts institution that enhances the educational landscape and contributes to the town's cultural events. Downtown Meadville boasts a variety of shops, cafes, and restaurants, creating a charming setting for both locals and visitors. The city's annual events, including the Crawford County Fair and various arts festivals, highlight its commitment to community engagement. Overall, Meadville is a welcoming locale, rich in history and outdoor opportunities, making it a great place to live or visit.

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