Philadelphia, PA — Cost of Living & Relocation Guide
Population: 1,567,258
📍 Some data sourced from nearby metro area
About Philadelphia, PA
Welcome to our comprehensive guide to Philadelphia, PA. With a population of 1,567,258, Philadelphia features a cost of living index of 85.59 (14.4% below the national average of 100). The local economy supports a median household income of $57,537 (23% below the national average), while the real estate market offers homes at a median price of $290,000.
Explore our detailed crime and safety data (22% above the national average), school ratings, tax information, and climate data below. Compare Philadelphia with Southeastern or other cities.
📅 Data last updated: February 2026 | Sources: U.S. Census Bureau ACS, FBI UCR, BLS
Philadelphia, PA Quick Facts & Key Statistics
💡City Insights
Philadelphia scores 6/10 for affordability, 4/10 for safety, and 3/10 for family-friendliness — an average overall profile. However, family-friendliness is a weaker area that prospective residents should consider carefully.
Living in Philadelphia, PA
Philadelphia, the largest city in Pennsylvania, is rich in history and culture, often referred to as the "City of Brotherly Love." Founded in 1682 by William Penn, it played a crucial role during the American Revolution, being the site of the signing of the Declaration of Independence and the Constitution. The city's diverse neighborhoods offer a mix of historical and modern attractions. Key landmarks include the Liberty Bell, Independence Hall, and the Philadelphia Museum of Art, famous for its "Rocky Steps." Philadelphia is also known for its vibrant arts scene, with numerous theaters, galleries, and music venues. Culinary delights are central to Philadelphia's identity, particularly the iconic Philly cheesesteak. The city boasts a rich tapestry of cultural experiences, influenced by its large immigrant population, celebrated through various festivals and community events. Sporting events are a big draw, with passionate fans supporting teams like the Eagles (NFL), Phillies (MLB), and 76ers (NBA). With a robust public transit system, including the SEPTA network, navigating Philadelphia is convenient, making it an inviting destination for both residents and visitors.
How Philadelphia Compares
Black line indicates US average
💵 Affordability Calculator
Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,537.
Income Needed to Buy
Income Needed to Rent
Pros & Cons of Moving to Philadelphia, PA
Pros
- • Home to prestigious schools
- • Rich history and culture
- • Accessible public transportation
- • Active sports scene
- • Vibrant nightlife scene
- • Diverse neighborhoods
- • Numerous parks and museums
- • Plenty of kids activities
- • Great food options
- • Strong job market in healthcare
Cons
- • Limited green spaces
- • Traffic congestion issues
- • Public school disparities
- • Winter weather challenges
- • Some neighborhoods unsafe
- • High crime rates in areas
- • Poverty in certain regions
- • Cost of living is rising
- • Variable job market stability
- • Political tensions observed
Frequently Asked Questions
What is the cost of living in Philadelphia, PA? ▼
The cost of living in Philadelphia, PA is 14% lower than the national average, with a cost of living index of 86 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Philadelphia, PA? ▼
In Philadelphia, PA, The median home price is $290,000. requiring approximately $105,000 annual income to afford. Average rent is $1,813/month (requiring ~$72,503/year income). The local median household income is $57,537, making homeownership challenging for typical residents. Explore Philadelphia real estate data →
Is Philadelphia, PA a safe place to live? ▼
Philadelphia, PA is average in terms of safety, with crime rates near the national average. The crime rate is 28.1 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Philadelphia crime statistics →
What salary do you need to live comfortably in Philadelphia, PA? ▼
To live comfortably in Philadelphia, PA and afford a median-priced home of $290,000, you would typically need a household income of $72,500 to $90,625 per year. The local median household income is $57,537. Renting requires approximately $72,503/year (at $1,813/month). See full affordability analysis →
What are the job opportunities like in Philadelphia, PA? ▼
Philadelphia, PA has an unemployment rate of 4.7%, which is above the national average of 3.7%. The median household income is $57,537, suggesting moderate local economic conditions. View Philadelphia employment & demographics →
Is Philadelphia, PA growing? ▼
Philadelphia, PA has a population of 1,567,258. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Philadelphia population demographics →
What are the best neighborhoods in Philadelphia, PA? ▼
The best neighborhoods in Philadelphia, PA depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $290,000 is below the national average. Explore Philadelphia on our interactive map →
What is the commute like in Philadelphia, PA? ▼
Commute times in Philadelphia, PA vary by neighborhood and workplace location. As a larger metro area, most residents rely on personal vehicles, though public transit options may be available. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Philadelphia, PA? ▼
Tax rates in Philadelphia, PA include state and local components. The cost of living index of 86 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Philadelphia tax information →
How does Philadelphia, PA compare to Southeastern? ▼
Philadelphia, PA offers a more affordable alternative to nearby communities. With a cost of living index of 86, median home prices of $290,000, and a crime rate of 28.07 per 1,000 residents, you can compare these metrics side-by-side. Compare Philadelphia vs Southeastern →
What is the weather like in Philadelphia, PA? ▼
Weather in Philadelphia, PA varies by season. Climate data varies by season. View detailed Philadelphia climate & environment data →
Explore Philadelphia in Detail
📅 Last Updated: February 2026
Sources: U.S. Census Bureau (ACS), FBI Uniform Crime Reports, Bureau of Labor Statistics