Housing costs in Philadelphia?
A typical home costs
$459,400, which is 35.9% more expensive than the national average of
$338,100 and 89.2% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$2,050 per month, which is 69.4% more than the national average of
$1,210 and 28.3% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19123), Pennsylvania, a minimum annual income of
$88,200 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19123 Philadelphia, PA is slightly higher than the national average. The median household income is approximately $49,151, which is slightly lower than the US figure of $51,939. The median rent in the city is estimated to be around $1,100 per month. Overall, it has been reported that it costs about 20% more to live in 19123 Philadelphia than other parts of the state. Groceries, transportation and health care tend to be slightly more expensive than other parts of the country. However, with a range of affordable housing options available and plenty of job opportunities available in the area, it can still be an excellent place to call home.