Philadelphia, PA is one of the most desirable cities to live in the United States. The two bedroom rent for this area is around $1,240, which is significantly cheaper than the US average of $1,430. Additionally, grocery cost index in Philadelphia is 99 compared to 100 in the US as a whole. This makes it an affordable city to live in with many attractions and employment opportunities. Local companies such as The University of Pennsylvania Health System and GlaxoSmithKline are some of the largest employers in Philadelphia that offer exciting career prospects to many individuals living in the city. Furthermore, with a lower cost of living than many other larger cities finding quality housing and great deals on groceries is easier to come by.
Philadelphia (zip 19143) has an unemployment rate of 10.6%. The US average is 6.0%.
Philadelphia (zip 19143) has seen the job market decrease by -7.2% 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 19143)
- The Sales Tax Rate for Philadelphia (zip 19143) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 19143) 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 19143)
- The average income of a Philadelphia (zip 19143) resident is $24,421 a year. The US average is $37,638 a year.
- The Median household income of a Philadelphia (zip 19143) resident is $38,928 a year. The US average is $69,021 a year.