Housing costs in Philadelphia?
A typical home costs
$328,700, which is 2.8% less expensive than the national average of
$338,100 and 35.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,670 per month, which is 38.0% more than the national average of
$1,210 and 12.0% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19125), Pennsylvania, a minimum annual income of
$63,000 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19125 Philadelphia, PA is slightly higher than the national average. The median home value is $216,100, which is 42% higher than the national average. There are many factors that contribute to the high cost of living in this area. Utilities such as electricity and water are expensive compared to other parts of the country. Groceries also tend to be more expensive due to the large population size and competition between stores. Transportation costs can add up quickly too since there are few public transportation options available and vehicle ownership can be costly in terms of parking fees, insurance premiums, and gas prices. Despite these challenges, 19125 Philadelphia remains an attractive area for those who can afford it due to its diverse culture, strong economy, and vibrant lifestyle.