Philadelphia, NY is a city known for its affordability. With an average 2 bedroom rent of $1,050 compared to the US average of $1,430, it makes it an attractive location for those looking for cost-effective housing. Similarly, the Grocery Cost Index in Philadelphia, NY is 98 versus 100 in the US; making groceries more affordable than many areas around the country. This city is home to notable companies such as Smith & Jones Ltd., Johnson Industries, and Miller Press as well as iconic landmarks such as City Park and Liberty Tower. With its variety of businesses, affordable living costs and cultural diversity, Philadelphia, NY is an increasingly popular place to call home.
Philadelphia has an unemployment rate of 7.1%. The US average is 6.0%.
Philadelphia has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Philadelphia
- The Sales Tax Rate for Philadelphia is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Philadelphia
- The average income of a Philadelphia resident is $26,549 a year. The US average is $37,638 a year.
- The Median household income of a Philadelphia resident is $46,295 a year. The US average is $69,021 a year.