Housing costs in Philadelphia?
A typical home costs
$289,800, which is 14.3% less expensive than the national average of
$338,100 and 19.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,790 per month, which is 47.9% more than the national average of
$1,210 and 17.9% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19129), Pennsylvania, a minimum annual income of
$55,440 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19129 Philadelphia, PA is relatively high compared to other areas of the country. According to BestPlaces, the overall cost of living in this area is around 91% higher than the average cost of living throughout the United States. Housing costs are especially high, with an average rent for a one-bedroom apartment costing around $1,400 per month. In addition, groceries and restaurants are fairly expensive; meals out can easily cost upwards of $25 or more. All in all, living in 19129 Philadelphia is not going to be cheap, and budgeting carefully is essential to ensure that one’s finances are adequately managed.