Housing costs in Philadelphia?
A typical home costs
$111,500, which is 67.0% less expensive than the national average of
$338,100 and 54.1% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,200 per month, which is 0.8% cheaper than the national average of
$1,210 and 22.5% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19142), Pennsylvania, a minimum annual income of
$21,240 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19142 Philadelphia, PA is relatively high when compared to the rest of the country. According to BestPlaces, the area has an overall cost of living index of 113.4, which is 13.4% higher than the national average. Housing prices are also significantly higher than other parts of the country, with an average rent for a one-bedroom apartment costing $1,173 per month. However, groceries and transportation costs remain comparable to other cities throughout the United States. Overall, 19142 Philadelphia, PA is a desirable place to live due to its many amenities and cultural attractions; however these come with a significant cost in terms of higher housing and overall living expenses.