Thinking about moving to Pittsburgh?
You’ve made a smart choice, literally: according to Forbes, Pittsburgh is America’s second-smartest city, with a highly-educated population that keeps on growing. Pittsburgh’s position on this list highlights the underlying changes leading to the city’s revitalization: though long known as a manufacturing giant with a reputation for producing steel, today Pittsburgh is defined by its brainpower.
With Carnegie Mellon University and the University of Pittsburgh pumping out highly-educated graduates and some of the best young tech talent each year, Pittsburgh has become a center for higher education and technical enterprise. And with tech companies come jobs, millennials, revitalized neighborhoods, and hip bars and restaurants.
Pittsburgh’s secret is out.
Pittsburgh is home to 303,625 Pittsburghers. With an area of 55.4 square miles, Pittsburgh has a population density of 5,481 persons per square mile, which makes it more dense than many other cities of comparable size.
The Pittsburgh, PA Metropolitan Statistical Area boasts a population of 2,342,299 people, of which Pittsburgh proper’s population makes up 13%.
Affordable housing is one of best things Pittsburgh has going for it. The median home value in Pittsburgh is $123,500, -38% below the US median value, according to Zillow. The median price per square foot in Pittsburgh is $91. Over the past 5 years, home values in Pittsburgh have increased by 8%.
Renters in Pittsburgh will also have an easy time finding affordable housing. The median rent in Pittsburgh is $1,118 per month, which is 22% lower than the US median. Over the past year, rental rates in Pittsburgh have decreased by 1.6%.
Pittsburgh’s economy is growing strong. The Pittsburgh metro area’s GDP grew by 18% between 2010 and 2015, from $118 billion in 2010 to $139 billion in 2015, a total increase of $21 billion. The metro area has a per capita GDP of $59,289. According to the US Census Bureau, the median household income in Pittsburgh, PA is $52,499, 10% higher than the national median. Pittsburgh’s unemployment rate is 5.3%.