How Expensive Is Philadelphia? (Solution)

The cost of living in Philadelphia is 101.2 dollars per month.

COST OF LIVING Philadelphia USA
Housing 66.3 100
Median Home Cost $221,400 $291,700
Utilities 107.7 100
Transportation 141.9 100

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  • 109 percent of the national average, according to the Council for Community and Economic Research (C2ER), the cost of living in Philadelphia is judged to be an average US city, according to C2ER. Household expenses such as food, utilities, transportation, healthcare, and other miscellaneous products and services contribute to the total amount of money you might anticipate to spend each month.

Is Philadelphia an expensive city?

Philly is a city that has it everything! Here’s the deal: according to a cost of living index comparison conducted by Expatistan.com, Philadelphia is the 12th most expensive city in North America. From the bar graph below, it can be seen that Philadelphia is over 20% more costly than either Phoenix or Dallas, and about 40% more expensive than San Antonio.

Is Philadelphia expensive to live?

For a big metropolitan region, the cost of living in Philadelphia is greater than the national average – yet it is relatively inexpensive, especially in comparison to other major cities. In fact, when compared to many other similar-sized cities, Philadelphia is one of the more cheap alternatives available.

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What salary do you need to live in Philly?

According to a new estimate by Go Banking Rate, you’ll need to earn exactly $59,384 per year to be able to afford to live in the city of Philadelphia. This is based on the budgeting guideline that states that you should spend 50% of your income on needs, 30% on discretionary expenditures, and 20% on savings.

Is Philadelphia an affordable city?

According to Realtor.com’s experts, Philadelphia is the third-most “trendiest” and inexpensive metropolitan region in the US in terms of affordability. They looked at the 300 largest metro regions in the United States to find metropolitan locations that are both culturally rich and have a supply of reasonably priced houses compared to the high cost of living in cultural hubs.

Why is Philly so cheap?

During the city’s decade-long period of population increase, property prices in Philadelphia roughly mirrored the rate of inflation. While emerging cities have the advantage of relatively inexpensive greenfield construction, the Census Bureau classifies virtually all of Philadelphia’s neighborhoods as urban, which is the densest classification available.

Is it cheaper to live in NY or PA?

While living in Philadelphia, PA is less expensive than living in New York, NY, it is still less expensive than living in New York, NY. Generally speaking, employers in Philadelphia, PA pay 11.0 percent less than their counterparts in New York, NY.

Is Philadelphia cheaper than Baltimore?

Baltimore is 12.8 percent less costly than Philadelphia in terms of cost of living. The cost of housing in Baltimore is 25.5 percent less costly than the cost of housing in Philadelphia. In Baltimore, health-related costs are 8.9 percent less expensive.

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Is Philadelphia a cheap state?

If you compare the cost of living in Philadelphia to larger cities such as New York or San Francisco, it is far less expensive. Additionally, there are relative bargains to be gained in the property market, which applies to both renters and house purchasers. The low income taxes levied by the state of Pennsylvania will also be a plus for you.

Is moving to Philadelphia a good idea?

Philadelphia is an excellent city to raise a family because of a number of the advantages outlined above. Several cultural and educational possibilities are available in the city, as previously noted. Green space and walkable, pleasant neighborhoods provide opportunities for children to interact with one another.

Is 80k a good salary in Philadelphia?

Meanwhile, according to the findings of the study, a family of four requires an annual income ranging from a low of around $80,000 to a high of almost $88,000 in the Pennsylvania suburban counties. The typical household income of Philadelphia is slightly higher than $46,000 per year, compared to the national median income of around $63,000 per year.

What is winter like in Philadelphia?

When it comes to temperature, the winter months (December to February) are extremely cold: the average temperature is just above freezing (0 degrees Celsius or 32 degrees Fahrenheit), but there are frequent cold spells, during which the temperature can drop to approximately -10/-15 degrees Celsius (5/14 degrees Fahrenheit).

Is rent expensive in Philadelphia?

In January 2021, the average rent for an apartment in Philadelphia was $1,666 (compared to a national average of $1,465), according to the Philadelphia Apartment Association. Neighborhoods such as Belmont, Saunders Park, University City, and West Powelton are among the most costly in Philadelphia, with monthly asking rates reaching $2,519 in areas such as University City and West Powelton.

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Is Philadelphia a good place to live?

Is it a decent location to live in Philadelphia? Philadelphia, which is located near to New York, has a well-established culture and a welcoming atmosphere. It’s a fantastic city, with a bustling downtown scene, wonderful restaurants, large colleges, and an outstanding shoreline as its main attractions. In addition, the cost of living is reasonable.

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