Housing costs in Philadelphia?
A typical home costs
$326,500, which is 3.4% less expensive than the national average of
$338,100 and 34.5% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,310 per month, which is 8.3% more than the national average of
$1,210 and 12.2% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19119), Pennsylvania, a minimum annual income of
$62,640 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Philadelphia?
Living in 19119 Philadelphia, PA is relatively affordable compared to other cities across the nation. The cost of living index for the area is about 107, meaning that most daily goods and services will be 7% more expensive than the national average. Renting an apartment in this part of town will cost around $1,400 on average, while a typical home will set you back about $280,000. Utilities can range anywhere from $90-$150 per month, depending on usage. Groceries are also slightly pricier than the national average but overall still remain reasonably priced. Transportation costs are also fairly inexpensive; fares for public transport typically run anywhere between $2-$5 dollars depending on your destination.