Tuesday

The 10 Richest Neighborhoods in Pittsburgh

Squirrel Hill North


By the latest estimations, around 300,286 residents live in Pittsburgh, PA. Not all of them are earning the kind of income that will make you do a double-take, but in fairness, they don’t really need to. Compared to many cities across the US, the cost of living in Pittsburgh is low. Neither property nor goods and services are going to blow a hole in your budget… providing you steer clear of the city’s most exclusive neighborhoods, of course. But what if you don’t mind splashing out on a home? What if you want to live the champagne and caviar lifestyle? Where should you head then? If money’s no object, you might want to check out these 10 richest neighborhoods in Pittsburgh.


North Shore


10. North Shore


As home to Heinz Field, PNC Park, and The Andy Warhol Museum, the North Shore neighborhood of Pittsburgh draws scores of visitors every year. If any of those visitors decide to make their visit more permanent, they’ll need some serious savings in the bank to fit in. While the property market includes a good number of affordable options, there are plenty of houses on the higher end of the price spectrum for those who prefer. Poverty is low and most households are bringing home very healthy paychecks.


Squirrel Hill South


9. Squirrel Hill South


If the thought of paying $323,700 for a property doesn’t make you flinch, you’ll be well at home in Squirrel Hill South, an affluent neighborhood packed with boutiques, cafes, restaurants, and the kind of big spenders who think nothing of splashing out over $100,000 more on a property than the US average.


Southside Flats


8. Southside Flats


Southside Flats is a small little neighborhood of 6,736 residents. Despite its size, it’s home to a huge number of bars, restaurants, and clubs, making it one of Pittsburgh’s main destinations for a night out. If you dream of rolling from the club straight to your bed (or vice versa), be prepared to pay a premium for the privilege. The cost of both buying and renting a property here is around 16 percent more than it is elsewhere in the city, putting the overall cost of living 6 percent higher than the US average. As you’d expect, most residents are sitting pretty on incomes that far exceed the national average.


Allegheny West


7. Allegheny West


Allegheny West has a little something for everyone. Stately old homes sit alongside coffee shops and local businesses. The metro and stadiums are within walking distance, and the downtown and river are both an easy 5-minute drive away. The schools servicing the area are well respected, the crime rate is low, and the overall vibe is laid back and welcoming. Obviously, none of that comes for free. The average cost of a single-family home in the area is over $50,000 more than the US median. The average household, meanwhile, is earning over $12,000 more than the average US family.


Regent Square


6. Regent Square


Regent Square regularly ranks as one of Pittsburgh’s most desirable neighborhoods, and for very good reason. Blessed with gorgeous historic homes, a low crime rate, and a good selection of independent boutiques and restaurants, it’s an attractive option for both families and singles alike. What it’s not, however, is cheap. The cost of living in Regent Square is around 14 percent 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 parts of the US. Fortunately, the high costs are offset by some of the highest incomes in Pittsburgh.


Shadyside


5. Shadyside


If you’re on a tight budget, you might want to give the neighborhood of Shadyside a miss. Like most places in Pittsburg, the cost of goods and services are a little under the national average. Unfortunately, any savings you make on haircuts and beer will soon be eaten up by the accommodation costs, which come in at a full 46% higher than the average. Luckily, most residents are earning the kind of income that will cover the mortgage payments with ease.


Central Business District


4. Central Business District


If the daily commute is getting you down, the Central Business District might be just what the doctor ordered. As home to huge corporations such as PNC Bank, U.S. Steel, PPG, Bank of New York Mellon, Heinz, Federated Investors and Alcoa, you could be at the office within just a few minutes of leaving your bed. There’s more to the district than multinationals though: with plenty of grocery stores, shops, entertainment venues, and around 250 restaurants and cafes, there’s plenty to do after the 9-5 is over. According to Home Snacks, the median income of $101,131 makes the neighborhood one of the wealthiest in the city.


Point Breeze


3. Point Breeze


If you want to live in Point Breeze (and why wouldn’t you – according to Niche, it’s one of the best neighborhoods to live in Pittsburgh), you’re in luck. The median property price might be slightly higher than the national average, but at $276,757, a single-family home is just about in reach. It’s especially in reach if, like most of this affluent neighborhood’s residents, you’re pulling in the incredibly handsome median income of $109,215.


Strip District


2. Strip District


The Strip District may sound slightly seedy, but this historic neighborhood is actually a very respectable, hugely desirable area of the city. Home to a huge assortment of international food stores, boutiques, independent businesses, and some of the best restaurants in the city, the neighborhood always features highly on any ‘must-visit’ list for visitors to the city. Understandably, the cost of living here ranks as one of the highest in Pittsburgh. According to Area Vibes, the cost of housing is a whopping 79 percent higher than the US average. The median income, meanwhile, is an impressive $93,125.


Squirrel Hill North


1. Squirrel Hill North


Squirrel Hill North is one of the most attractive and desirable neighborhoods in Pittsburgh. With scores of independent boutiques, a diverse range of eateries, an outstanding independent movie theater, low crime, and plenty of green spaces, it’s unquestionably a great place to live. Just be prepared to spend a big chunk of your savings if you intend moving in. In fairness, the cost of goods and services isn’t that different to anywhere else in the city. The cost of property, on the other hand, is a monster 83 percent higher than the national average. Fortunately, the high costs are more than offset by an enviable median income of $123,405.


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