Housing costs in Philadelphia?
A typical home costs
$144,800, which is 57.2% less expensive than the national average of
$338,100 and 40.4% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Philadelphia costs
$1,390 per month, which is 14.9% more than the national average of
$1,210 and 5.8% cheaper than the state average of
$1,470.
Can I afford Philadelphia?
To live comfortably in Philadelphia (zip 19131), Pennsylvania, a minimum annual income of
$27,720 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Philadelphia?
The cost of living in 19131 Philadelphia, PA is relatively high compared with other areas in the United States. The median home value for this area is $249,900, which is much higher than the national median home value of $202,400. Additionally, the median household income for 19131 Philadelphia is $62,717; about 28% higher than the national average. On top of that, goods and services in 19131 are more expensive than those outside of the area due to its close proximity to downtown Philly. All in all, living in this part of Philadelphia can be quite costly for individuals and families alike.