Philadelphia, PA 19111 boasts an affordable cost of living with a two bedroom rent of $1,270 compared to the US average of $1,430. Grocery costs also remain relatively low with an index of 103 versus the national average of 100. This cost-effective city is great for both businesses and families alike. Philadelphia's economy is diverse and growing; its top employers include Temple University Health System, The University of Pennsylvania, Albert Einstein Healthcare Network, Comcast, and Wells Fargo. With many large companies setting up shop in Philadelphia, there are plenty of opportunities for employment and growth within the area. In addition to these larger companies are plenty of local businesses from small retail stores to tech start-ups that continue to thrive in this engaging city.
Philadelphia (zip 19111) has an unemployment rate of 10.6%. The US average is 6.0%.
Philadelphia (zip 19111) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Philadelphia (zip 19111)
- The Sales Tax Rate for Philadelphia (zip 19111) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 19111) is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Philadelphia (zip 19111)
- The average income of a Philadelphia (zip 19111) resident is $20,206 a year. The US average is $28,555 a year.
- The Median household income of a Philadelphia (zip 19111) resident is $55,569 a year. The US average is $69,021 a year.