Housing costs in Philadelphia?
A typical home costs
$358,100, which is 5.9% more expensive than the national average of
$338,100 and 47.5% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 11.7% more than the state average of
$1,210.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19113), Pennsylvania, a minimum annual income of
$68,760 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19113 Philadelphia, PA is quite high compared to other areas in the United States. According to Best Places, the cost of living index is 109.2, which means that it is 9.2% higher than the national average. The median home price in 19113 is $225,000 and the median rent is also fairly high at $1,200 per month. Groceries, utilities, and transportation costs are all on par with what you would expect from one of the largest cities in Pennsylvania. Despite its relatively high cost of living index compared to other parts of the country, 19113 Philadelphia offers a unique quality of life that makes up for it.