Housing costs in Philadelphia?
A typical home costs
$266,500, which is 21.2% less expensive than the national average of
$338,100 and 9.8% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,450 per month, which is 19.8% more than the national average of
$1,210 and close to the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19114), Pennsylvania, a minimum annual income of
$51,120 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19114 Philadelphia, PA is considered to be slightly above the national average. Median home prices in the area are around $200,000 and rental rates are typically higher than other parts of the country. The average price for a one bedroom apartment in the area is around $800/month. Groceries and other necessities generally cost slightly more in 19114 Philadelphia, PA than other areas as well. In spite of these costs, many people consider living in this area worth it due to its excellent amenities and central location.