Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States. The population of the city in 2010 was 305,704, while that of the seven-county metropolitan area stood at 2,356,285. Downtown Pittsburgh retains substantial economic influence, ranking at 25th in the nation for jobs within the urban core and 6th in job density.

The characteristic shape of Pittsburgh’s central business district is a triangular tract carved by the confluence of the Allegheny and Monongahela rivers, which form the Ohio River. The city features 151 high-rise buildings, 446 bridges,two inclined railways, and a pre-revolutionary fortification. Pittsburgh is known colloquially as “The City of Bridges” and “The Steel City” for its many bridges and former steel manufacturing base.

  • “Pittsburgh Is Remade as Steal City” – WSJ (June 2011)
  • Over 100 Multi-Billion Dollar Companies Headquartered here
  • 8 Fortune 500 Companies Headquartered here – 4th most in the nation
  • 6th best city in “Ten Cities For Job Growth In 2009″ – Forbes(2009)
  • Emerging natural gas industry is expected to be substantial job creator over thenext decade
  • City is supported by recession proof health care and education industries
  • Risk of average home price decline: LOW – PMI U.S. Market Risk Index (2Q2010)
  • #1 Commercial Market – Moodys (2009)

  • Voted as #1 City to move in – CNBC (Nov 2010)
  • Cost of living is 12.2% below the National Average
  • Average home price $116,400 is well below the National average of $171,700
  • Apartment Vacancy Rate: #1 in the country at 3.3%
  • #1 real estate market in the Country – Forbes (2010)
  • #1 real estate market in the Country – Fortune (2010)

  • Pittsburg, PA in US Strongest Metro Economies – Business Week
  • One of the top 5 markets in the country – Yahoo Finance (2010)
  • One of the top 20 Economies in the Country – Brookings Institute
  • Most Livable City – The Economist (2009)
  • Most Livable City – Forbes (2010)
  • Nicknamed “The college city” (www.thecollegecity.com)due to abundance of institutes of higher learning
    • Provides tremendous rental pool to draw from an approximately 32,000 people graduatingper year from Western PA college or university

Unemployment Rate November 2010 Month / Month Year / Year
National9.8%+0.1-0.1
Pennsylvania8.6%-0.2-0.1
Pittsburgh7.4%-0.2-0.1