Key Takeaways. Greater Philadelphia is relatively more affordable than peer metropolitan regions with a living wage of $14.47 in 2020 – the third lowest among the 15 largest U.S. metropolitan areas.
What is a livable salary in Philadelphia?
Living Wage Calculation for Philadelphia County, Pennsylvania
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.87 | $38.08 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $7.25 | $7.25 |
What is a living wage in Philadelphia 2022?
$15.00
$13.25 on July 1, 2019. $13.75 on July 1, 2020. $14.25 on July 1, 2021. $15.00 on July 1, 2022.
How much money do you need to live comfortably in Pennsylvania?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $28,778 | $52,850 |
| Annual taxes | $5,903 | $10,840 |
| Required annual income before taxes | $34,680 | $63,690 |
What is the minimum wage in Philadelphia 2022?
Governor Tom Wolf’s plan proposes raising Pennsylvania’s minimum wage to $12 per hour by July 1, 2022, with a pathway to $15 per hour by 2028.
What is a good salary for a single person in Pennsylvania?
$44,693 is the 25th percentile. Salaries below this are outliers. $67,717 is the 75th percentile.
Is rent expensive in Philadelphia?
Unlike most major cities, the cost of renting in Philadelphia is fairly affordable.
What is Philadelphia PA minimum wage?
The Pennsylvania minimum wage stands at $7.25 an hour and has not increased in 13 years.
Which state has the highest minimum wage?
Washington D.C.
Washington D.C. currently has the highest minimum wage in the United States at $15.00, followed by California with $14.00. Alabama, Louisiana, Mississippi, South Carolina, and Tennessee have not adopted a state minimum wage and, therefore, adopted the $7.25 federal minimum wage.
What is PA’s minimum wage?
$7.25
Pennsylvania set its minimum wage at $7.25 and hour, the same rate as the federal minimum wage, more than a decade ago.
What is considered middle class in PA?
In Pennsylvania, households must earn a minimum of $25,757 per year to be considered middle class, with the upper earnings boundary set at $121,862, according to a new 24/7 Wall St. analysis. The total share of household income in Pennsylvania controlled by middle-class earners is 45.8 percent, 24/7 Wall St. reports.
Is it cheaper to live in California or Pennsylvania?
Pennsylvania is 12.6% cheaper than California.
Is it cheaper to live in Pennsylvania or New York?
New York is 12.3% more expensive than Pennsylvania.
What does mcdonalds pay in PA?
How much does McDonald’s in Pennsylvania pay? Average McDonald’s hourly pay ranges from approximately $7.52 per hour for Line Cook to $17.49 per hour for Packer. The average McDonald’s salary ranges from approximately $15,000 per year for Team Leader to $55,906 per year for Restaurant Manager.
What states have a $15 an hour minimum wage?
Where are $15 minimum wages? Besides California and New York, nine states are headed to a $15 pay base over the next four years – Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, New Jersey, Rhode Island and Virginia.
Will pa increase minimum wage in 2022?
Governor Tom Wolf’s plan proposes raising Pennsylvania’s minimum wage to $12 per hour by July 1, 2022, with a pathway to $15 per hour by 2028. The proposal will help workers recover the purchasing power lost since the minimum wage was set at $7.25 per hour to match the federal minimum wage more than a decade ago.
What is considered upper class in PA?
Upper Class Salary in Pennsylvania
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $74,940 | $6,245 |
| 75th Percentile | $60,493 | $5,041 |
| Average | $48,927 | $4,077 |
| 25th Percentile | $34,761 | $2,896 |
What is the richest town in PA?
Fox Chapel Borough, Pennsylvania is being credited as the richest town in the Keystone State. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Fox Chapel Borough as having a median household income of $205,987 (199.8% more than the U.S. median income).
Is it cheaper to live in PA or NJ?
New Jersey is 15.8% more expensive than Pennsylvania.
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.
How much does it cost to live in an apartment in Philadelphia?
Housing: Rental prices
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.