Housing costs in Philadelphia?
A typical home costs
$462,500, which is 36.8% more expensive than the national average of
$338,100 and 90.5% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$2,000 per month, which is 65.3% more than the national average of
$1,210 and 26.5% more than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19147), Pennsylvania, a minimum annual income of
$88,560 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19147, Philadelphia, PA is relatively high compared to the national average. According to BestPlaces, the overall cost of living index for this zip code is 137.2, meaning it is 37.2% higher than the U.S. average. Housing costs make up a disproportionate portion of this figure with an average index score of 228, making it 128% more expensive than the national average. Other essential expenses including groceries, health care, and utilities are also inflated in 19147 when compared to other areas across the country.