Housing costs in Philadelphia?
A typical home costs
$712,400, which is 110.7% more expensive than the national average of
$338,100 and 193.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,990 per month, which is 64.5% more than the national average of
$1,210 and 26.1% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19118), Pennsylvania, a minimum annual income of
$136,440 for a family, and
$66,000 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19118 Philadelphia, PA is relatively high when compared to the national average. The median home value in this area is estimated at $282,744 and the median rent for an apartment or house is roughly $1,361 per month. Additionally, transportation costs are relatively inexpensive due to the city's extensive public transit system. Groceries and restaurant meals can be costly but overall the cost of living here is manageable as long as one is able to budget their money carefully.