Housing costs in Philadelphia?
A typical home costs
$82,800, which is 75.5% less expensive than the national average of
$338,100 and 65.9% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,060 per month, which is 12.4% cheaper than the national average of
$1,210 and 38.7% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19140), Pennsylvania, a minimum annual income of
$15,840 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19140 Philadelphia, PA is generally higher than the national average. Rent prices in particular tend to be on the higher side with a one bedroom apartment going for around $1,400 per month on average. Grocery costs are also more expensive than the U.S. average, while transportation costs are slightly lower than the national average due to the robust public transportation system in Philadelphia. Utility costs such as electricity and gas are also higher than most other cities in the country. Despite this, overall quality of life is still fairly good for residents living in the 19140 area due to its proximity to cultural attractions and amenities such as top-notch restaurants, shopping centers, and entertainment venues.