Summary about cost of living in Philadelphia, PA, United States: Family of four estimated monthly costs are 3,742$ without rent. A single person estimated monthly costs are 1,039$ without rent. Philadelphia is 23.93% less expensive than New York (without rent).
What salary do I need to live in Philadelphia?
That’s according to a new analysis by Go Banking Rate, which found that you need to make exactly $59,384 to be able to live in Philadelphia. That’s based on the budgeting rule that you spend 50 percent of your income on necessities, 30 percent for discretionary spending, and 20 percent for savings.
How expensive is living in Philadelphia?
Philadelphia’s housing expenses are 11% higher than the national average and the utility prices are 10% higher than the national average. Transportation expenses like bus fares and gas prices are 13% higher than the national average. Philadelphia has grocery prices that are 17% higher than the national average.
Is Philadelphia PA expensive to live?
Payscale.com estimates that Philadelphia’s cost of living is 17% higher than the national average. Still, this can vary greatly depending on how much you spend on things like housing and transportation.
How affordable is it to live in Philadelphia?
The cost of living in Philadelphia, PA is 8% higher than the state average and 11% higher than the national average. Philadelphia, PA housing is 16% more expensive than the U.S average, while utilities are about 10% pricier.
Is it cheaper to live in NY or PA?
New York is 12.3% more expensive than Pennsylvania.
Is it hard to get a job in Philadelphia?
Competition for jobs is high in Philadelphia, and while not impossible, finding employment can be difficult. Despite this, those who can secure work will be glad to know that salaries in Philadelphia are slightly higher than the national average.
How much does it cost to live in Philadelphia per month?
Summary about cost of living in Philadelphia, PA, United States: Family of four estimated monthly costs are 3,766$ without rent. A single person estimated monthly costs are 1,045$ without rent. Philadelphia is 23.54% less expensive than New York (without rent).
What is the cost of living in Philadelphia 2022?
Comparison Highlights
| Cost of Living Indexes | Philadelphia, PA | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 105 | 43.4% more |
| Food & Groceries | 102.5 | 11.3% more |
| Housing (Homeowner) | 66.3 | 263.2% more |
| Median Home Cost | $221,400 | $454,000 (205.1% more) |
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.
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 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.
What is the best area to live in Philadelphia?
- GUIDE TO THE BEST PHILADELPHIA NEIGHBORHOODS.
- UPSCALE PHILLY.
- CHESTNUT HILL (Northwest Philadelphia)
- MAIN LINE (Northwest Philadelphia suburbs)
- RITTENHOUSE SQUARE (Center City)
- FOR YOUNG PROFESSIONALS, CREATIVES AND STUDENTS.
- CONSHOHOCKEN (Montgomery County suburb)
- FISHTOWN (North Philadelphia)
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.
What is considered affordable housing in Philadelphia?
Affordable housing is generally private housing for lower- to moderate-income tenants that costs no more than 30% of their income. Public or subsidized housing is housing that is owned and operated or paid for by the government.
Where is it cheapest to live in Pennsylvania?
10 Most Affordable Places to Live in Pennsylvania
- Republic. With only 1,000 residents, Republic has one of the lowest populations and cost of living in Pennsylvania.
- Oil City. Oil City sits less than an hour from Cleveland, with a population of 10,000.
- Pottsville.
- Greenville.
- Vandergrift.
- West Mifflin.
- Warren.
- New Brighton.
Is Texas cheaper than Pennsylvania?
Texas is 7.4% cheaper than Pennsylvania.
What is the average rent in Pennsylvania?
The average apartment rent was $1,468 in February, up $46 since last year, according to apartment data from Yardi Matrix. February apartment rents maintained the same pace as in January, rising by 3.2% year-over-year.
What is it like working in Philadelphia?
Overall, Philadelphia is a great place to live. The city is extremely walkable, and if you live and work downtown, you might not even need to own a car. Ride-sharing services like Uber and Lift are popular, or you could look into short- or long-term rentals for big grocery trips or a day at the beach.
Do you have to live in Philadelphia to work for the city?
In June 2020, Philadelphia City Council passed an ordinance requiring all new hires for civil service positions to have lived in the city for at least a year prior to being appointed, making Philadelphia the only city among the nation’s 30 most populous to have such a strict mandate.