Housing costs in Philadelphia?
A typical home costs
$150,000, which is 55.6% less expensive than the national average of
$338,100 and 38.2% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,170 per month, which is 3.3% cheaper than the national average of
$1,210 and 25.6% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19124), Pennsylvania, a minimum annual income of
$28,800 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19124 Philadelphia, PA is relatively high compared to other cities in the US. According to BestPlaces's Cost of Living Index, the city has an index rating of 140.29 on a scale from 0-100 (with 100 being the most expensive). This means that Philadelphia is approximately 40% more expensive than the average city in US terms. The primary factor driving this higher cost of living is housing costs which are about 33% higher than the national average. Other major factors such as transportation, groceries, restaurant prices, and utilities also make up a significant portion of monthly expenses for residents in 19124.