Cost of Living,
Reading's Real Estate Market
Reading Metro Area
Profile: Small city Location: East-central Pennsylvania, 60 miles northwest of Philadelphia Elevation: 260 Time zone: Eastern Standard Time
|Strategic location ||Low educational attainment|
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Reading is a declining industrial center in southwest Pennsylvania originally built on heavy industry, textiles, and anthracite coal. The heavy industry and Victorian wealth have left an imprint on the town, which has done a good job preserving its historic heritage. The city reached its nadir in the early 1970’s, first with industrial and downtown commercial closures and then with flooding from Hurricane Agnes in 1972. Among the first steps in recovery was the creation of a large outlet mall, supposedly among the first in the country, for which the area is well known today.
More recently the area has gained ground as a strategic location relative to larger East Coast areas, notably Philadelphia and, farther away, New Jersey and even New York. Nearby Allentown-Bethlehem-Easton is undergoing a similar transition from its old-economy working class roots. Reading is attracting migrants seeking a small-town feel, an attractive setting, a moderate cost of living, and proximity to Philadelphia and its amenities. Outside of some local cultural and minor-league sports activities, there isn’t a lot to do in the immediate area.
The area is characterized by large, wooded hills surrounding flat agricultural valleys. The continental-type climate is modified by ridges to the west and the ocean and its bays to the south and east. Summers are warm, still, and humid with occasional thunderstorms. Winters are fairly mild for the latitude. The mountains block some northwesterly cold air and moisture, creating more clear days than even Philadelphia to the southeast. Snow amounts are variable and freezing rain occurs occasionally. First freeze is mid-October, last is late April.
Interesting Facts about Reading, Pennsylvania
As of 2014, Reading's population is 87,926 people. Since 2000, it has had a population growth of 8.39 percent.--------------------
The median home cost in Reading is $50,400. Home appreciation the last year has been 2.30 percent.--------------------
Compared to the rest of the country, Reading's cost of living is 21.80% Lower than the U.S. average.--------------------
Reading public schools spend $13,550 per student. The average school expenditure in the U.S. is $12,435. There are about 16.2 students per teacher in Reading.--------------------
The unemployment rate in Reading is 7.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Reading jobs have Increased by 0.70 percent.
Ranked #21 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #122 2005 Best Places to Live
Ranked #214 Best Green Cities
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Average Commute time is 24 minutes. The National Average is 25 minutes.--------------------
Reading's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes