Pittsburgh's cost of living (Philadelphia, Dormont: apartments, leasing, house)

[gg]

An interesting take. I don't know how accurate this is.

https://www.rent.com/blog/cost-of-living-in-pittsburgh/

[SteelCityRising]

So essentially Pittsburgh is no longer "cheap". It is just about average on every metric when you consider we are slightly above here and there vs. slight below here and there. That has been my experience, too, since moving here in 2010.

[jea6321]

This info is very misleading and not really telling the true story.

"A studio in Pittsburgh averages $1,420 a month. While the cheapest apartment type, it's seen the steepest year-to-year increase, up 17 percent. A one-bedroom rents for $1,650 on average monthly, up 15 percent from last year. A two-bedroom leases for $1,986, up 7 percent from this time last year. With an increase of just 5 percent, three-bedroom units now average only $1,965, less than a two-bedroom"

There are TONS of studio, 1 bedroom and 2 bedroom apartments around our city in decent locations/condition for way under these prices. Its almost as they exclusively used new luxury apartment buildings to compile these numbers. Also, where in south Oakland is anyone leasing studios for over 2k monthly? I can't think of a single building where that would even remotely be a reality.

Im going to just give my personal opinion as someone that deals in the housing market daily. I would estimate our real average numbers across the city are more like

Studio- 950
1 bed- 1100
2 bed - 1400
3 bed- 1600

Obviously there are way cheaper and way more expensive depending on location and condition, but I would bet heavily that my estimate is way closer to the true average than what this article is selling.

[Reggiezz]

Jea6321, if you include the suburbs, your estimates are closer to the truth. Look up Dormont rentals on Craigslist. Dormont is at least 30% rentals with many small apartment buildings, and they're closer to your estimates.

[jea6321]

Originally Posted by Reggiezz

Jea6321, if you include the suburbs, your estimates are closer to the truth. Look up Dormont rentals on Craigslist. Dormont is at least 30% rentals with many small apartment buildings, and they're closer to your estimates.

I dont even need to include the suburbs. there are lots of areas of the city way cheaper than what this article suggests.

but yes, im familiar with the dormont market for both rentals and sales.

[gg]

Originally Posted by jea6321

This info is very misleading and not really telling the true story.

"A studio in Pittsburgh averages $1,420 a month. While the cheapest apartment type, it's seen the steepest year-to-year increase, up 17 percent. A one-bedroom rents for $1,650 on average monthly, up 15 percent from last year. A two-bedroom leases for $1,986, up 7 percent from this time last year. With an increase of just 5 percent, three-bedroom units now average only $1,965, less than a two-bedroom"

There are TONS of studio, 1 bedroom and 2 bedroom apartments around our city in decent locations/condition for way under these prices. Its almost as they exclusively used new luxury apartment buildings to compile these numbers. Also, where in south Oakland is anyone leasing studios for over 2k monthly? I can't think of a single building where that would even remotely be a reality.

Im going to just give my personal opinion as someone that deals in the housing market daily. I would estimate our real average numbers across the city are more like

Studio- 950
1 bed- 1100
2 bed - 1400
3 bed- 1600

Obviously there are way cheaper and way more expensive depending on location and condition, but I would bet heavily that my estimate is way closer to the true average than what this article is selling.

I think you are low if someone is looking for something near the busway and safe. You shouldn’t need a car if you live in the city. A safe place near good bus service is expensive here now. Suburbs can’t be included.

[bluecarebear]

$259,900 is cheap for a house compared to the national average. The writer is biased and out of touch. Who wants to rent in 2022????

[Reggiezz]

Originally Posted by bluecarebear

$259,900 is cheap for a house compared to the national average. The writer is biased and out of touch. Who wants to rent in 2022????

You never want to be a renter in inflationary times.

Inflation crushes 20 somethings. There were studies done about the effects of the inflation on that age group in the 80s. They never caught up with older boomers in net worth.

[NearFantastica]

Average 1 bedroom rent in Philadelphia is $1,500 a month, why pay the average 1 bedroom rent of $1,420 to live in Pittsburgh when you can live in Philly instead and have better amenities, better public transportation, better weather, more opportunities for almost the same price point?

[NearFantastica]

Originally Posted by bluecarebear

Who wants to rent in 2022????

Not everyone is rich and can afford to buy a home