Housing costs in Philadelphia?
A typical home costs
$304,500, which is 9.9% less expensive than the national average of
$338,100 and 25.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,890 per month, which is 56.2% more than the national average of
$1,210 and 22.2% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19127), Pennsylvania, a minimum annual income of
$58,320 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19127 Philadelphia, PA can vary greatly depending on lifestyle and individual needs. Generally speaking, the cost of living is relatively high compared to other areas in the United States. Residents typically find themselves paying more for rent than residents of similar-sized cities in other parts of the country. Additionally, goods and services tend to be pricier due to the lower purchasing power that comes with residing in a large city like Philadelphia. However, taxes are comparatively low and there is a wide variety of food and recreational activities available at affordable prices. Overall, 19127 Philadelphia has an expensive cost of living, but it also offers an abundance of amenities that make up for it.