Housing costs in Philadelphia?
A typical home costs
$226,200, which is 33.1% less expensive than the national average of
$338,100 and 6.8% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,400 per month, which is 15.7% more than the national average of
$1,210 and 5.0% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19112), Pennsylvania, a minimum annual income of
$43,200 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19112 Philadelphia, PA is higher than the national average due to its close proximity to major cities like New York City and Washington D.C. The average cost of goods and services such as groceries, housing, transportation, utilities, healthcare, and taxes is around 13 percent higher than the national average. Despite this high cost of living, the area boasts a variety of benefits including a strong job market with a wide range of businesses and employers from which to choose from. Additionally, the area is filled with cultural attractions making it an attractive place for many people looking for an exciting city to call home.