Housing costs in Philadelphia?
A typical home costs
$212,800, which is 37.1% less expensive than the national average of
$338,100 and 12.4% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,190 per month, which is 1.7% cheaper than the national average of
$1,210 and 23.5% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19126), Pennsylvania, a minimum annual income of
$40,680 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19126 Philadelphia, PA is relatively high compared to other parts of the country. The median home value in 19126 Philadelphia, PA is $157,600 and the median rent is $1,400 per month. Transportation costs are also high with an average commute time of 34 minutes and an estimated monthly transportation cost of around $155. Food costs can vary greatly depending on one's preferences but the overall cost of groceries tends to be slightly higher than most cities in the United States. Additionally, utility costs such as electricity are considered to be above average when compared nationally. All these factors combined make it difficult for many people to afford living in 19126 Philadelphia, PA without a substantial salary or additional sources of income.