What Is The Cost Of Living In Philadelphia Pa? (Best solution)

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

COST OF LIVING Philadelphia Pennsylvania
Grocery 102.5 100.3
Health 98.4 97
Housing 66.3 75.1
Median Home Cost $221,400 $234,800

What is the best way to make a livelihood in Philadelphia?

  • Drexel Hill is ranked number one (tie) You may locate the perfect starting home in the Philadelphia suburbs without breaking the bank in Drexel Hill because of the low median property prices and cheap cost of living in the area. Despite the fact that Drexel Hill has a calm suburban feel, there are numerous light rail stations in the area, making it a handy location for commuters.

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.

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How much money do you need to live comfortably in Philadelphia?

According to the current median rent in Philadelphia, a one-bedroom apartment requires a monthly income of $5,163 before taxes in order to be adequately furnished and maintained. That equates to $61,956 in pre-tax earnings. 5

Is Philadelphia expensive to live in?

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.

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.

Is moving to Philadelphia a good idea?

In the United States, according to Realtor.com experts, Philadelphia is the third-most “trendiest” inexpensive urban region in the nation. It was determined that urban regions with a strong cultural heritage and a supply of reasonably priced housing, as opposed to high-priced cultural centers, were found among the nation’s 300 biggest metropolitan areas.

How much is Philadelphia electricity monthly?

Utilities are expensive. The typical monthly utility cost for Philadelphians is around $150.32, which includes electricity, heat/cooling, water, and rubbish pickup. In order to use the internet, you will need to spend an extra $60.99 each month on average, for a total of $211.31 per month on the service.

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What is a good salary in PA?

While salaries as high as $127,487 and as low as $19,217 have been reported on ZipRecruiter, the majority of salaries in the Average jobs category currently range between $46,401 (25th percentile) and $69,367 (75th percentile), with the highest earners (90th percentile) earning $84,366 per year in Pennsylvania, according to the company.

How much is the average electric bill in Philadelphia?

Philadelphia’s Means and Medians The average power rate in Philadelphia in October was 14.53 cents per kilowatt hour. The average household consumed 670 kWh of power each month, resulting in an average expenditure of around $97.

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.

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).

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Why is rent so high in Philadelphia?

Rents have risen as a result of a high demand for rental accommodation and a limited quantity of available units. According to Apartment List, rental apartments in Philadelphia are around 96 percent filled this month and approximately 97 percent occupied in the greater Philadelphia metropolitan region. Because of a lack of available single-family houses, some potential purchasers are forced to live in rental properties.

What’s it like to live in Philadelphia?

Affordable housing, job opportunities in the healthcare and education industries, incredible arts and culture, highly-rated universities, and a host of other amenities have helped Philadelphia to become a top destination for people who want to live on the East Coast but don’t want to pay the high prices of New York City or Washington, DC.

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