New York, NY vs Philadelphia, PA
Cost of living comparison · 2023 Census ACS data
Quick Summary
Housing costs separate Philadelphia and New York more than any other line item — $232,000 versus $752,000 for a typical home, a 69% spread. State income-tax burden also tilts toward Philadelphia — a top rate of 3.1% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$232,400 ✓
Zillow Home Value
$812,534
$229,410
Median Gross Rent
$1,779/mo
$1,323/mo ✓
Owner Occupied %
32.8%
52.3%
Price-to-Rent Ratio
35.2x
14.6x
Median Household Income
$79,713 ✓
$60,698
Per Capita Income
$50,776
$37,669
Unemployment Rate
7.7% ✓
8.4%
Poverty Rate
17.4%
22.0%
Avg Commute (min)
44.8 min
34.8 min
Drove Alone %
21.9%
46.6%
Public Transit %
45.5%
17.9%
Work From Home %
15.0%
16.4%
State Income Tax
10.9%
3.1%
Total Sales Tax
8.5%
6.3% ✓
Property Tax Rate
1.7%
1.6%
Bachelor's Degree %
23.6%
19.4%
Median Age
38
35.1
Avg High Temp
62.6°F
65.6°F
Annual Precipitation
49.5"
45"
Annual Snowfall
29.8"
—
New York, NY 2 wins
- ✓Median Household Income
- ✓Unemployment Rate
Philadelphia, PA 3 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
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