Quick Answer: What Is The Cost Of Living In Philadelphia?

Is Philadelphia expensive to live in?

As far as cost of living goes, Philadelphia isn’t as expensive as bigger cities like New York or San Francisco.

There are also relative bargains to be had in the housing market for both renters and home buyers.

You’ll also enjoy the low income taxes of the state of Pennsylvania..

What is considered low income in Philadelphia?

The Joint Center for Housing Studies report defines extremely low-income renters as those making less than 30 percent of the area median income, which is about $26,000 a year in Philadelphia, slightly above the federal poverty line (which is just under $20,000 a year for a family of four).

Where should I not live in Philadelphia?

Here are the 10 worst neighborhoods in Philadelphia according to data:Tioga-Nicetown.Hunting Park.Strawberry Mansion.Fairhill.Alleghany West.Harrowgate.Haddington-Carroll Park.Elmwood.More items…

What is the cost of living in Pennsylvania?

Our cost of living indices are based on a US average of 100. An amount below 100 means Pennsylvania is cheaper than the US average….Pennsylvania cost of living is 92.5.COST OF LIVINGPennsylvaniaUnited StatesHealth97100Housing75.1100Median Home Cost$173,700$231,200Utilities98.21004 more rows

What are the bad areas in Philadelphia?

What Are The “Bad” Areas Of Philadelphia#1 Fairhill. With a population of just over 17 thousand, Fairhill is known as “El Centro de Oro” or “Center of God” and is located in the Northeast section of Philadelphia. … #2 North Philadelphia/East. … #3 Alleghany West. … #4 Parkland. … #5 Hunting Park. … #6 Tioga-Nicetown. … #7 Mantua.

Is Philadelphia an affordable city?

Philadelphia recently placed third in a top-10 list of cities with the most homes under $200,000, according to realtor.com®. In Philly, the median home listing price for a home is $264,000.

What do I need to know before moving to Philadelphia?

15 Things to Know Before Moving to PhiladelphiaHistory is all around you in Philadelphia. … The homes in Philly are way more affordable than in Boston, New York or D.C. … The cheesesteak deserves its fame. … Philadelphia’s museum scene is world class. … You can shop in markets, not supermarkets. … It’s a sports-friendly town. … BYOB is big in Philly.More items…•

What’s the most dangerous city in Philadelphia?

The most dangerous areas in Philadelphia is based on data from the local law enforcement agency and when not available, also includes estimates based on demographic data.Tioga-Nicetown. Population 17,382. … Alleghany West. … North Central. … Strawberry Mansion. … Harrowgate. … Haddington-Carroll Park. … Fairhill. … Brewerytown.More items…

Is Philly a good place to live?

Live in an Affordable City with Good Job Growth With a growing job market and a cost of living that’s 4% below the national average, Philly is a great place to live for college students, young professionals, families with kids, and retirees alike!

Is 100k a good salary in Philadelphia?

Philadelphia scores much higher than its rivals. 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. … Philadelphia ranks in the top 15, according to the report.

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.

Why is Philadelphia so cheap?

The other reason housing is so “affordable” is because of basic economics. The demand isn’t really there, and that’s because compared to San Fransisco or Boston, the city is seriously lagging in job growth or market diversity. Around here, it’s all about eds and meds.

Why is Philadelphia so poor?

The more families headed by a single mother, the higher the poverty rate. … Philadelphia is different from most other places in that most of its poor live within the city limits. It is much more expensive to live in the suburbs than in many of the city’s neighborhoods.

What is the safest area in Philadelphia?

Bustleton1. Bustleton – The Safest Philadelphia Neighborhood to Live In. Crime: Total crime in Bustleton is 51% lower than the national average.

What salary do you need to live in Philadelphia?

If you follow the 50-30-20 budgeting rule to the T, listen closely: You need to earn just under $60,000 a year to live comfortably in Philadelphia. 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.

What’s the best city to live in Pennsylvania?

The top ten best towns were:Lincoln Park, Berks County.Colony Park, Berks County.Whitfield, Berks County.Lemont, Centre County.Chesterbrook, Chester County.Ben Avon, Allegheny County.Clarks Green, Lackawanna County.Narberth, Montgomery County.More items…•

Is Philadelphia Safe?

Although the main tourist areas of Philadelphia like Center City are generally safe, frequent travelers say other parts of the city (like South, North or West Philly) can be very dangerous. Use common sense during your stay: Keep your valuables near you (and preferably hidden from view) at all times.

Is Philadelphia a ghetto?

While it is true that Philly has some ghettos in the North Philly, West Philly, and East Germantown areas, it’s not true that the whole city is ghetto. … While it is true that Philly has some ghettos in the North Philly, West Philly, and East Germantown areas, it’s not true that the whole city is ghetto.