Housing costs in Philadelphia?
A typical home costs
$346,600, which is 2.5% more expensive than the national average of
$338,100 and 42.8% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,360 per month, which is 12.4% more than the national average of
$1,210 and 8.1% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19116), Pennsylvania, a minimum annual income of
$66,240 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19116 Philadelphia, PA is relatively high compared to the national average. Despite this, there are still some reasonably priced options available, especially when it comes to housing. Rent can range from around $800 for a one-bedroom apartment up to $1,400 for more luxurious two-bedrooms. Utility costs are also affordable with an average monthly bill of around $200-$250 depending on usage and season. Groceries and other basic items tend to be slightly higher than the national average but still generally reasonable. Restaurants prices are also comparable with the rest of the country's. With a good mix of affordability and quality life choices, 19116 Philadelphia is an attractive area for those looking to live in a big city while maintaining their budget.