Housing costs in Loretto?
A typical home costs
$230,700, which is 31.8% less expensive than the national average of
$338,100 and 5.0% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Loretto costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 6.1% cheaper than the state average of
$1,210.
Can I afford Loretto?
To live comfortably in Loretto (zip 15940), Pennsylvania, a minimum annual income of
$44,280 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Loretto?
The cost of living in 15940 Loretto, PA is quite reasonable compared to other cities. The median home value in the area is approximately $193,000, which is much lower than the statewide median of $213,800. The median rent in the area is also relatively low at around $1,100 per month. Utilities are more expensive in this area than in some others due to the rural location and lack of infrastructure; however, most residents feel that these higher prices are worth it for the quality of life offered by living in a rural setting. Overall, the cost of living in 15940 Loretto, PA is quite affordable and provides residents with an idyllic lifestyle.