Cost of Living · Pennsylvania

Philadelphia Cost of Living

Philadelphia, Pennsylvania costs approximately 2.0% above the US national average. Compare with 99 other major US cities.

1.02×
cost-of-living index (1.00 = US national average)
Philadelphia ranks 1 of 2 cities in Pennsylvania by cost of living.
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What living in Philadelphia costs

Philadelphia carries a cost index of 1.02x the national baseline, placing it above 59 of the 99 metros tracked and below 32. Rent runs about $1,700 monthly; the median home is near $260,000.

Price-to-rent works out near 13, which is low. Under roughly 15 the arithmetic favours buying over renting for anyone staying more than a few years, because purchase prices are modest relative to local rents.

Working and living here

Philadelphia is a metro of roughly 6.3M and roughly flat, running on healthcare ('eds and meds'), finance, biotech/pharma. Larger employers include University of Pennsylvania/Penn Medicine, Comcast (HQ), Children's Hospital of Philadelphia.

Two tax details that change take-home here: Philadelphia levies a local income tax of about 3.75% on top of state and federal — roughly $3,750 a year on a $100,000 salary — and Pennsylvania taxes income as well.

Getting around: Philadelphia is workable without a car in many neighborhoods. Going car-free is realistic in parts of the metro, which is worth roughly $9,000 a year against a car-dependent city at the same rent.

Climate: Humid continental climate: January lows near 28°F, July highs near 87°F, humid.

Philadelphia's resident wage tax (~3.75%) is among the highest local income taxes of any major US city, but citywide median home prices remain relatively low for a metro this size.

Related tools

Paycheck calculator — take-home after federal, state and local tax. Salary calculator — pay by job and state. Compare against another metro.

Frequently Asked Questions

Is Philadelphia expensive to live in?▾
Relative to the US average, roughly average — the cost index is 1.02x, above 59 and below 32 of the 99 other metros tracked here. A one-bedroom averages $1,700 a month and the median home $260,000.
What salary do you need to live comfortably in Philadelphia?▾
A common rule keeps rent under 30% of gross income, which at $1,700 a month implies about $68,000 a year for a one-bedroom, before accounting for the 3.75% local income tax. That is a floor rather than a comfortable figure — it leaves nothing for savings or the rest of the budget.