Why Is Philadelphia Expensive?

Taxes can make a big difference in take-home pay for Americans. Everyone that works and lives in Philadelphia pays a wage tax of 3.87% to the city. Because Philadelphia taxes property, personal income, corporate income, and sales, it is fairly unique (only two other cities in the country tax all four).

Is Philadelphia an expensive city?

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.

What salary do you need to live in Philly?

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 life in Philadelphia?

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).

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 100k a good salary in Philadelphia?

Philadelphia scores much better than its eastern U.S. rivals – Boston, New York, Washington, Atlanta and Baltimore. If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. And if you live in Greater Philadelphia, that money goes a long way – longer than any of our eastern U.S. rivals.

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 it cheaper to live in NY or PA?

New York is 12.3% 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.

Is Philadelphia Safe?

Philadelphia consistently ranks above the national average in terms of crime, especially violent offenses. It has the highest violent crime rate of the ten American cities with a population greater than 1 million residents as well as the highest poverty rate among these cities.

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.

Is Philadelphia a nice city to live in?

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.

Is Philadelphia a good place to move to?

It’s a top-tier U.S. city known for its range of cultural, historical and recreational attractions – especially among East coast cities. Living in Philadelphia means having access to all the conveniences of a metropolitan city including public transportation, and all the charm of a small town.

Is NYC or Philly safer?

Out of America’s ten largest cities, the murder rate in its safest city (New York) is less than a quarter of the murder rate in its most dangerous large city (Philadelphia), with 5.1 murders per 100,000 compared to 21.5.

Is Philadelphia like NYC?

“The main difference between Philly and NYC isn’t really in the culture and activities itself—it has all the same things to do as NYC and other big cities like museums, shows, concerts, festivals, cool bars and great food—it’s the sense of community and the overall vibe that sets it apart,” she said.

What is a livable salary in NYC?

Living Wage Calculation for New York County, New York

What is considered middle class in Philadelphia?

Middle-class family income for Philadelphia, defined as 67 percent to 200 percent of regional median family income, was $51,974 to $155,147 in 2010. On the 2007-2011 map, because of the limitations of the data, families were considered middle class if their incomes were in the $50,000 to $149,999 range.

What are the highest paying jobs in Philadelphia?

Philadelphia’s Top-Paying Jobs*

1. Anesthesiologists: $268,920. Medicine in general is a good bet as far as salaries go.
2. Orthodontists: $242,310.
3. CEOs $225,090.
4. Dentists, general: $173,910.
5. Natural sciences managers: $167,430.
6. Financial managers: $159,380.
7. Sales managers: $158,890.
8. Marketing managers: $156,550.

What is a high salary in Philadelphia?

Highest Salary in Philadelphia, PA

Is Philadelphia or Chicago safer?

While in Chicago, a spokesperson for the police department told Fox News Digital that there has been 97 homicides as of March 7. In 2021, there were a total of 562 homicide victims in Philadelphia, 63 more than in 2020 and a drastic 206 more than in 2019, according to the Philadelphia Police Department Crime Map.

Is Chicago safer than Philadelphia?

Philadelphia, PA has a crime index 151 above the national average, while Chicago, IL has a crime index that is 137 above the national average. The homeownership rate in Philadelphia, PA is 53%, which is 18% below the national average.