Housing costs in Philadelphia?
A typical home costs
$223,800, which is 33.8% less expensive than the national average of
$338,100 and 7.8% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 17.7% more than the state average of
$1,210.
Can I afford Philadelphia?
To live comfortably in Philadelphia Pennsylva County, Pennsylvania, a minimum annual income of
$42,840 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Philadelphia?
Philadelphia, PA County has a cost of living of 104.3, which is 4.3% higher than the US average of 100. The increase in cost of living is reflected in the median house value in this area, which stands at $223,800. This is significantly higher than the national average of $338,100, indicating that it can be more expensive to live and own property in Philadelphia County compared to other parts of the country.