Housing costs in Philadelphia?
A typical home costs
$269,800, which is 20.2% less expensive than the national average of
$338,100 and 11.1% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,270 per month, which is 5.0% more than the national average of
$1,210 and 15.7% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19111), Pennsylvania, a minimum annual income of
$51,840 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19111 Philadelphia, PA is quite high compared to the national average. According to BestPlaces, the overall cost of living in 19111 is 20% higher than the national average. Housing in particular is extremely expensive, with rent prices for a one-bedroom apartment averaging around $1,400 per month. Other costs such as utilities and transportation are also above the national average. Although it may be more expensive to live in 19111 Philadelphia, PA, it is also a great place to live due to its vibrant culture, diverse neighborhoods and many amenities.