Housing costs in Philadelphia?
A typical home costs
$552,200, which is 63.3% more expensive than the national average of
$338,100 and 127.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$2,260 per month, which is 86.8% more than the national average of
$1,210 and 35.0% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19106), Pennsylvania, a minimum annual income of
$105,840 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19106 Philadelphia, PA is a bit on the expensive side. Housing prices are higher than the national average, with the median home value coming in around $295,900. Rent tends to be higher as well, with one bedroom apartments costing an average of $1,600 per month. Groceries and other necessities tend to be in line with the national average or slightly higher. Overall, the cost of living in 19106 Philadelphia can be quite high compared to other parts of the country but it can be worth it due to its many benefits.