According to the U.S. Census, 13 percent of Allegheny County residents live below the poverty level. About one-third of Pittsburgh's regional population lives in or near poverty, subsisting on annual household wages of $50,000 or less for a family of four. Many more people are struggling to make ends meet.
Pittsburgh has the highest percentage of its population living below the poverty line among Census-defined cities in Pennsylvania. The number of poor people in Pittsburgh has been declining since 2004, when it was at its peak with 1 in 8 residents living below the poverty line. Despite the decline, it is still estimated that more than half of all children in the city are born into families living below the poverty line.
Crime and violence are other issues facing poor neighborhoods. Pittsburgh has the highest per capita rate of gun violence in the country. The number of guns seized by police in West Pittsburgh has increased in recent years, while crime rates there have dropped.
There are several factors that may be leading to an increase in poverty in Pittsburgh. The city's unemployment rate was reduced to 6 percent in May 2015, but this was mainly due to a drop in the number of people looking for jobs. There were also fewer jobs found as a result of major corporations moving operations out of the city. The city's employment base is shrinking even though the number of people coming into the labor force is increasing.
Pittsburgh, PA (KDKA) – According to a new research, the Pittsburgh region is home to the richest community in Pennsylvania. Edgeworth, a Pittsburgh suburb, has a family income of more than $150,000, according to a recent 24/7 Wall St. survey. A family income of at least $200,000 is required. 387.7% (state: 4.9 percent) of Edgeworth's households earn more than $200,000, while only 3.3% (state: 4.4 percent) earn less than $50,000.
The study also ranked Pittsburgh number one for "the percentage of families living in extreme poverty (families earning less than $12,060 annually)." It is estimated that less than 1% of Pittsburghers live below the poverty line. 98.5% of residents live above it.
Additionally, Pittsburgh ranks first in the amount of wealth per person, with families in Edgeworth having a mean net worth of $1.6 million. The second highest ranking state, Mississippi, has a mean net worth of $60,000. By comparison, the national average is $75,000.
There are several factors that go into determining family wealth, such as the cost of living and the rate of unemployment. Having said that, Pittsburgh has been ranked as one of the best cities for wealth accumulation because of its emphasis on education and job training, especially for women. 44% of working mothers in the region have high-paying jobs, compared to 37% of working fathers.
Pittsburgh is divided into 90 different and historically appealing neighborhoods. There are also numerous suburban townships and municipalities in Allegheny County that make up the greater Pittsburgh area, establishing Western Pennsylvania as one of America's major melting pots.
The first suburbs were developed around Pittsburgh in the 1950s and 1960s. The city's eastern border is only 19 miles away from downtown Pittsburgh, but due to its high crime rate, most people don't live there.
There are three main shopping centers in Pittsburgh: North Shore Mall, South Side Shopping Center, and Downtown Pittsburgh Marketplace. These malls feature discount stores such as Target, Bed Bath & Beyond, and Macy's along with specialty shops and restaurants. There are also several other smaller shopping centers across the city.
People can use the Pittsburgh Metro bus system to travel between these neighborhoods and the malls. There are also several commuter trains that run through the city, but they are not recommended for tourists because of the cost of admission and the difficulty in getting off at a stop that is close to a business or home address.
In conclusion, Pittsburgh has 90 different neighborhoods, two large malls, and several smaller ones. All together, this means there is something for everyone in Pittsburgh!
In general, Pittsburgh and its surrounding suburbs are consistently ranked among the top 50 most inexpensive housing markets in the country. There are clearly neighborhoods where homes cost more than a million dollars, but the Pittsburgh property market is quite accessible generally. In fact, according to the National Association of Realtors, the median price of a home in Pennsylvania is $150,000; that's less than half the price tag in San Francisco or New York City.
Pittsburgh has relatively low housing costs for such a large city. The price of land is high, so housing prices are kept down by the lack of space. Also, since there are so many small neighborhoods, there aren't any huge differences in price between different areas. Last but not least, the city has very few homes on the market at any given time, which keeps prices stable.
Transportation expenses play a large part in how much you have to spend to live in Pittsburgh. The city is connected to the rest of Pennsylvania by several major highways, including I-79/I-70, which run through the center of town. These highways carry traffic from all over the east coast to the west coast. However, they are also known for their heavy traffic congestion during rush hour. If you don't want to suffer through this situation every day, consider using some alternative routes. The Port Authority offers bus services throughout the city and its surrounding suburbs at reasonable rates.