Cost of Living in Philadelphia, PA

Population 1,582,432 · Pennsylvania · Data vintage 2023

86
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Philadelphia is among the largest cities in Pennsylvania by population, with the kind of employment diversity and housing variation that comes with a major regional hub. At 8.4%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Cost Overview

Housing 76
Rent 101

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Philadelphia

The median home value in Philadelphia is $232,400 — 24% below the national median of $305,000. Median rent runs $1,323/month, 1% higher than the national median of $1,314/month. The median household income of $60,698/year is 19% lower than the US median of $74,580. The local unemployment rate is 8.4%, above the national average of 4.8%. Pennsylvania's top state income tax rate is 3.1% and the combined sales tax is 6.3%. The climate averages highs of 65.6°F and lows of 47.2°F. Overall, Philadelphia has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.

🏠 Housing

Median Home Value
$232,400
24% below avg
Zillow Home Value
$229,410
Zillow ZHVI
Median Rent
$1,323/mo
1% above avg
Zillow Rent
$1,734/mo
Zillow ZORI
Price-to-Rent Ratio
14.6x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$779
1 BR
$871
2 BR
$1,065
3 BR
$1,337
4 BR
$1,547
Owner-occupied 52.3%
Renter-occupied 47.7%

💰 Estimated Monthly Budget

Rent median rent
$1,323
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,937/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
34.8 min
29% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.4%

Commute Mode

Drove alone
46.6%
Carpooled
7.5%
Public transit
17.9%
Walked
7.5%
Bicycle
1.9%
Work from home
16.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.1%
Total Sales Tax 6.3%
State rate 6.0%
Avg local rate 0.3%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$60,698
19% below avg
Per Capita Income
$37,669
Unemployment Rate
8.4%
75% above avg
Poverty Rate
22.0%
Labor Force Participation
63.4%

🎓 Education

Bachelor's degree+ 19.4%
Graduate degree 15.3%

👥 Demographics

Median Age 35.1
Male median age 33.9
Female median age 36.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.6°F
Avg Low
47.2°F
Annual Precip
45"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 424553657583888679685747
Low °F 272835445464696860483831
Precip" 3.342.573.963.773.613.874.324.224.523.633.194.00

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 58 — Moderate
22.7%
Good air days/yr
331
Max AQI recorded
296
PM2.5 days
66
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

70%
4-Year Graduation Rate
16.8:1
Student-teacher ratio
217
Public schools
130,617
Total enrollment

Frequently Asked Questions

What is the cost of living in Philadelphia, PA?

Philadelphia has a cost index of 86 (100 = national average). It is 14% below the national average.

What is average rent in Philadelphia, PA?

The median gross rent in Philadelphia is $1,323 per month based on 2023 Census data.

What is the average home price in Philadelphia?

The median home value in Philadelphia is $232,400 according to Zillow and Census data.

What is the median income in Philadelphia?

The median household income in Philadelphia is $60,698 per year (2023 ACS 5-year estimates).

What is the sales tax in Philadelphia, PA?

The combined state and local sales tax rate in Philadelphia is 6.3%. The Pennsylvania state income tax top rate is 3.1%.

Is Philadelphia, PA affordable?

Yes, Philadelphia is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.

What is the weather like in Philadelphia?

Philadelphia has average high temperatures of 65.6°F and average lows of 47.2°F. Annual precipitation is 45". Data from NOAA 1991–2020 Climate Normals.