Cost of Living Breakdown
The cost of living in Philadelphia, PA is 2% higher than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 102 | +2% |
| Housing | 98 | -2% |
| Groceries | 108 | +8% |
| Utilities | 113 | +13% |
| Transportation | 110 | +10% |
| Healthcare | 96 | -4% |
Housing Costs in Philadelphia
Housing is typically the largest expense. In Philadelphia, the housing index is 98 (national average = 100).
- Median home price: $275,000
- Median rent (1 bedroom): $1,550/month
- Median rent (2 bedrooms): $1,850/month
- Annual rent (1BR): $18,600/year
Housing costs in Philadelphia are roughly in line with national averages.
How Much Do You Need to Earn in Philadelphia?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $51,000 in Philadelphia. The median household income of $52,649 translates to a monthly budget of approximately $4,387.
Groceries & Everyday Expenses
The grocery index in Philadelphia is 108. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 110, while utilities come in at 113. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Philadelphia are indexed at 96. Healthcare costs are close to or below the national average.
Compare to Pennsylvania
See statewide salary and tax data on our average salary in Pennsylvania page. Also see income data for this city on our average salary in Philadelphia page.
Financial Tools
Use our free calculators to plan your finances in Philadelphia:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment