As you might expect for a major metropolitan area, Philadelphia’s cost of living is higher than the national average – but by and large, it’s incredibly affordable when compared to other major cities. By comparison to many similar-sized cities, in fact, Philly is one of the more affordable options.
What salary do you need to live in Philadelphia?
If you follow the 50-30-20 budgeting rule to the T, listen closely: You need to earn just under $60,000 a year to live comfortably in Philadelphia. That’s according to a new analysis by Go Banking Rate, which found that you need to make exactly $59,384 to be able to live in Philadelphia.
What is the average cost to live in Philadelphia?
Family of four estimated monthly costs are 3,766$ without rent. A single person estimated monthly costs are 1,045$ without rent. Philadelphia is 23.32% less expensive than New York (without rent). Rent in Philadelphia is, on average, 51.12% lower than in New York.
Is housing in Philadelphia expensive?
With a median cost of $893 per month, Philadelphia’s owner-occupied housing is the least expensive among the nation’s most populous cities.
How much does it cost to live alone in Philadelphia?
Housing: $800 – $1600 per month
Renters can expect to pay around $1,600 if you’re living alone in a one-bedroom apartment, and roughly $900 if you plan on having some roommates.
Is Philadelphia a black city?
Philadelphia has one of the largest Black American communities in the US.
Is rent expensive in Philadelphia?
Approximately 45% of Philadelphia housing is occupied by renters. In January 2021, the average rent for an apartment in Philadelphia was $1,666 (compared to the national average of $1,465). This monthly average is 51.26% lower than rental prices in Manhattan, which is just over an hour away from Philly by train.
Is Philly cheaper than New York?
New York is 85.0% more expensive than Philadelphia. New York housing costs are 343.9% more expensive than Philadelphia housing costs. Health related expenses are 14.4% more in New York.
Is Philadelphia safe to live?
Is it Safe to Live in Philadelphia? Philadelphia’s rate of crime is similar to many other metro areas. According to CrimeGrade.org, the city’s overall crime grade is a C+. In the more dangerous areas of Philadelphia, the chance of experiencing a crime is about 1 in 76.
Is it cheaper to live in NY or PA?
New York is 12.3% more expensive than Pennsylvania.
Why is Philly so affordable?
According to Realtor.com®, Philadelphia is the third trendiest and most affordable city in the country, thanks to a plethora of social activities, such as breweries, yoga studios and independent cinemas, as well as affordable homes, making it an opportunity for first-time buyers to participate in.
Is Philly or Chicago more expensive?
Highlights. Philadelphia is 5.3% less expensive than Chicago. Philadelphia housing costs are 33.1% less expensive than Chicago housing costs. Health related expenses are 8.6% more in Philadelphia.
Is Philadelphia a friendly city?
Philly is unfriendly. At least that’s what Travel & Leisure readers said in a recent survey. Philadelphia was ranked the third least friendly city in the country as part of Travel & Leisure’s annual America’s Favorite Cities survey.
What should I know before moving to Philadelphia?
11 Things to Know before moving to Philadelphia
- Philadelphia is a city of neighborhoods.
- Philly gets about 20 inches of snow each winter.
- Getting around is easier than New York or DC.
- Philly speak is easy with this primer.
- You can eat a lot more than cheesesteak.
- History haunts some Philadelphia museums.
Is Philadelphia a good place to move to?
Moving to Philly? With affordable housing, job opportunities in the healthcare and education industries, incredible arts and culture, and highly-rated universities, The City of Brotherly Love has become a top destination for people who want to live on the East Coast.
What type of people live in Philadelphia?
Philadelphia is a diverse city. Its residents are 44.1 percent black, 35.8 percent white, 13.6 percent Latino and 7.2 percent Asian. And yet, it’s also an extremely segregated city.
Does it snow in Philadelphia?
Philadelphia’s first snowfall of winter usually arrives in December. But it can start snowing as early as November or as late as January. The season’s last snowfall can happen anytime from February to April. Philadelphia is normally free of snow every year from May to October.
What is Philadelphia known for?
What is Philadelphia known for? Philadelphia is most famous for the Liberty Bell, Rocky, cheesesteaks, and the Mummers. Additionally, it is known for its revolutionary history in general, the top-notch Philadelphia Orchestra, and being the “City of Brotherly Love”.
Is it cheaper to live in Philadelphia or New Jersey?
The cost of living in Jersey City, NJ is 58.8% higher than in Philadelphia, PA. You would have to earn a salary of $95,257 to maintain your current standard of living. Employers in Jersey City, NJ typically pay 12.3% more than employeers in Philadelphia, PA.
Is food expensive in Philadelphia?
While meal prices in Philadelphia can vary, the average cost of food in Philadelphia is $39 per day. Based on the spending habits of previous travelers, when dining out an average meal in Philadelphia should cost around $16 per person. Breakfast prices are usually a little cheaper than lunch or dinner.
What is the crime rate in Philadelphia?
With a crime rate of 39 per one thousand residents, Philadelphia has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities.