Quality of Life in Philadelphia, PA for an Income of $93,670

Philadelphia, PA offers a distinctive blend of cultural, economic, and lifestyle advantages. For someone earning $93,670 annually, understanding how this salary interacts with the cost of living, housing market, healthcare, and education will shed light on the quality of life one might expect.

Cost of Living

• Comparison to National Average:

  • The cost of living in Philadelphia is slightly higher than the national average.
  • Major expenses such as groceries, transportation, and utilities are modestly above the national indices.

• Discretionary Spending:

  • Dining, entertainment, and personal services are abundant and relatively affordable, offering a wide range of options.

Housing Market

• Median Home Price:

  • The median home price in Philadelphia is below the national median, making it relatively more accessible.
  • A $93,670 income allows for comfortable mortgage payments on a median-priced home.

• Rental Market:

  • Rental prices can be high in certain neighborhoods but generally stay below averages of major metropolitan areas.

Quality of Life

• Cultural Opportunities:

  • Philadelphia boasts rich historical sites, museums, and cultural institutions offering diverse activities and entertainment.

• Public Transport:

  • A robust public transportation system (SEPTA) makes commuting convenient and affordable without a car.

• Parks and Recreation:

  • Numerous parks and trails provide ample outdoor recreational activities.

Access to Healthcare

• Healthcare Facilities:

  • Philadelphia hosts several world-class hospitals and healthcare facilities.
  • Access to quality healthcare is generally above average, with numerous specialists available.

• Insurance and Costs:

  • Average healthcare costs are somewhat elevated, so good health insurance is important to mitigate expenses.

Quality of K-12 Schools

• Public School System:

  • The quality of public schools varies significantly across different neighborhoods.
  • Some schools achieve high ratings, while others may require evaluation and consideration by parents.

• Private and Charter Schools:

  • A range of quality private and charter schools are available, though they may come with additional costs.

Summary of Assessment

Overall, for someone earning $93,670 per year, Philadelphia offers a competitive quality of life in terms of cultural amenities, affordable housing relative to other large cities, and strong healthcare options. While the cost of living is slightly above the national average