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Home » United States » What is the average cost of living in Philadelphia?

What is the average cost of living in Philadelphia?

December 14, 2021 by Trevor Zboncak

Philadelphia cost of living is 101.2

COST OF LIVING Philadelphia Pennsylvania
Grocery 102.5 100.3
Health 98.4 97
Housing 66.3 75.1
Median Home Cost $221,400 $234,800

Contents

How much do you need to live comfortably in Philadelphia?

Not to mention, you can use the rest of your income to cover your other financial responsibilities. As a one-bedroom apartment in Philadelphia currently sits at $1,094, renters should earn a minimum of $3,282 per month before taxes to live comfortably. That translates to $39,384 before taxes.

Is Philadelphia expensive to live in?

Philly has it all! Here’s the deal: Philadelphia is the 12th most expensive city in North America according to a cost of living index comparison done by Expatistan.com.From the bar graph below, Philly is over 20% more expensive than Phoenix or Dallas and 40% more expensive than San Antonio.

What is a decent salary in Philadelphia?

Average Salary in Philadelphia, PA

Annual Salary Hourly Wage
Top Earners $89,779 $43
75th Percentile $73,819 $35
Average $61,584 $30
25th Percentile $49,378 $24

Is 80000 a good salary in Philadelphia?

Meanwhile, in the Pennsylvania suburban counties, a family of four requires an annual income ranging from a low of about $80,000 to a high of almost $88,000, the study found.The median household income in Philadelphia is just above $46,000 a year, compared with the national median of about $63,000.

Is Philly cheap to live?

As you might expect for a major metropolitan area, Philadelphia’s cost of living is higher than the national average – but by and large, it’s incredibly affordable when compared to other major cities. By comparison to many similar-sized cities, in fact, Philly is one of the more affordable options.

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Why is Philly so cheap?

During its decade of population growth, Philadelphia’s home prices essentially tracked the rate of inflation. Unlike newer cities that have the option of relatively cheap greenfield development, the Census designates nearly all of Philadelphia’s neighborhood as urban, the densest designation.

Is Philadelphia cheaper than NYC?

Easier life for families. According to Numbeo, the cost of living in Philadelphia is 23% cheaper than NYC. For families, or couples hoping to start a family, this becomes a huge attraction, as larger families may find it difficult to afford life in NYC.

How is living in Philadelphia?

With affordable housing, job opportunities in the healthcare and education industries, incredible arts and culture, highly-rated universities, and much more, Philly has become a top destination for people who want to live on the East Coast but don’t want to pay New York City or Washington, DC prices.

What is a good salary in PA?

While ZipRecruiter is seeing salaries as high as $127,487 and as low as $19,217, the majority of salaries within the Average jobs category currently range between $46,401 (25th percentile) to $69,367 (75th percentile) with top earners (90th percentile) making $84,366 annually in Pennsylvania.

What is the average pay in the US?

The average annual wage in 2019 in the US was $51,916.27, and the median annual wage was $34,248.45. The median wage is the wage “in the middle,” while average refers to the measure of central tendency for all the data. There is a big difference between the average and median wage data.

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What is the median US salary?

The Bureau of Labor Statistics reported a median personal income of $865 weekly for all full-time workers in 2017. The U.S. Census Bureau lists the annual real median personal income at $35,977 in 2019 with a base year of 2019.

What jobs pay the most in Philadelphia?

Detailed List Of Highest Paying Jobs In Philadelphia

Rank Job Title Average Salary
1 Obstetricians and Gynecologists $281,390
2 Surgeons, Except Ophthalmologists $265,680
3 General Internal Medicine Physicians $255,350
4 Oral and Maxillofacial Surgeons $253,380

Is 100k a good salary in Philadelphia?

Philadelphia scores much higher than its rivals. If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. And if you live in Greater Philadelphia, that money goes a long way – longer than any of our eastern U.S. rivals.Philadelphia ranks in the top 15, according to the report.

What salary do you need to live comfortably?

The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.

How much is the average house in Philadelphia?

The typical home value of homes in Philadelphia is $225,677. This value is seasonally adjusted and only includes the middle price tier of homes. Philadelphia home values have gone up 12.7% over the past year.

How much are Philadelphia utilities?

For Philadelphians, the average monthly utility bill is around $150.32, which includes electricity, heat/cooling, water, and garbage pickup. Adding internet costs an additional monthly average of $60.99, which amounts to an overall average monthly spend of $211.31.

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Do you need a car in Philadelphia?

While Philadelphia isn’t as walkable as New York City, it’s still possible to go without a car in Philly. Depending on where you live, work and recreate you can get around by walking, biking or taking public transit.

Is Chicago more expensive than Philadelphia?

Philadelphia is 5.3% less expensive than Chicago. Philadelphia housing costs are 33.1% less expensive than Chicago housing costs. Health related expenses are 8.6% more in Philadelphia.

How much is water in Philadelphia?

2021 Rate Proceeding

Customer Type Current Typical Monthly Bill Proposed Monthly Bill (Sept. 1, 2021)
Residential (5/8″ meter, 500 cubic feet) $66.73 $74.47
Senior Citizen with Discount (5/8″ meter, 300 cubic feet) $38.43 $42.94
Non-Residential (5/8″ meter, 600 cubic feet) $112.13 $120.24

Is Philadelphia Safe?

It is rich in history and culture and an extremely worthwhile place to explore. However, violence in certain parts of the city is an everyday occurrence. Philadelphia has safe areas as well as dangerous parts.
What Kind of Crimes Are Common in Philadelphia?

Violent Crime Robbery/Other
2019 3461
2020 2766
% Change -20.1%

Filed Under: United States Tagged With: Pennsylvania, Philadelphia

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About Trevor Zboncak

Trevor Zboncak is a bit of an old grump, but he's also one of the kindest people you'll ever meet. He loves to travel and see new places, but he's not a fan of airports or long flights. Trevor has been all over the world, and he has some amazing stories to tell. He's also a great photographer, and his pictures will take your breath away.

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