In the top 10% nationally for annual real estate appreciation.
Pittsburgh is a large city located in the state of Pennsylvania. With a population of 302,971 people and 178 constituent neighborhoods, Pittsburgh is the second largest community in Pennsylvania. Much of the housing stock in Pittsburgh was built prior to World War II, making it one of the older and more historic cities in the country.
Pittsburgh is a decidedly white-collar city, with fully 88.24% of the workforce employed in white-collar jobs, well above the national average. Overall, Pittsburgh is a city of professionals, service providers, and sales and office workers. There are especially a lot of people living in Pittsburgh who work in an office and administrative support (10.41%), management occupations (9.82%), and sales jobs (8.12%).
Also of interest is that Pittsburgh has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 9.03% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Pittsburgh is a major college town that has a very high percentage of its residents over 18 years old who are college students. Naturally, collegiate life has a major influence on the local Pittsburgh culture, lifestyle and music scene. In fact, Pittsburgh is one of only a few big cities that are also major college towns. The combination of big city status and thousands of college students gives Pittsburgh on one hand, a sophisticated style, while on the other also provides a youthful feel and lots of diversions and entertainment for students. Believe it or not, Pittsburgh is one of the biggest “college towns” in America, generating lift to the economy of the entire region, and issuing forth thousands of newly-minted college students every spring, powering the innovation economy, the arts, and a lively club scene.
This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Pittsburgh is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.
One of the benefits of being a big city like Pittsburgh is having a public transportation system, but in Pittsburgh the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the bus for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the bus Pittsburgh benefits from a reduction in air pollution and traffic.
Pittsburgh is one of the most well-educated cities in the nation. 45.40% of adults in Pittsburgh have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Pittsburgh in 2018 was $35,093, which is upper middle income relative to Pennsylvania and the nation. This equates to an annual income of $140,372 for a family of four. However, Pittsburgh contains both very wealthy and poor people as well.
Pittsburgh is an extremely ethnically-diverse city. The people who call Pittsburgh home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Pittsburgh residents report their race to be White, followed by Black or African-American. Important ancestries of people in Pittsburgh include German, Irish, Italian, Polish, and English.
The most common language spoken in Pittsburgh is English. Other important languages spoken here include Spanish and Chinese.
|TIME PERIOD||TOTAL APPRECIATION||AVG. ANNUAL RATE||COMPARED TO State*||COMPARED TO AMERICA*|
2022 Q3-2022 Q4
|Last 12 Months:
2021 Q4-2022 Q4
|Last 2 Years:
2020 Q4-2022 Q4
|Last 5 Years:
2017 Q4-2022 Q4
|Last 10 Years:
2012 Q4-2022 Q4
|Since 2000: Q1-2022 Q4||0.00%||0.00%|
RATINGS: 1=Very Low 2=Low 3=Moderate 4=High 5=Very High
|REGIONAL TREND||LAST 1 YEAR||COMPARED TO NATION*||LAST 2 YEARS||COMPARED TO NATION*|
|Stock Performance of Region's Industries||0.00%||0.00%|
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