Quality of Life in Philadelphia, PA: A Financial Overview

Overview of Annual Income

• Annual Salary: $76,670
  • Slightly above the national median income in the United States, which is around $70,000.

Cost of Living

• General Cost: Philadelphia has a slightly higher cost of living compared to the national average.
• Expenses:
  • Groceries: Typically align with national averages, although they may be higher in urban areas.
  • Utilities and Transport: Can be more expensive due to the urban setting and northeast climate.

Housing Market

• Median Home Price: Approximately $250,000
  • Below the national median home price, which hovers around $375,000.
  • More affordable housing options may be accessible, depending on the neighborhood.

Quality of Life

• Livability: Philadelphia offers a blend of urban vibrancy with historical charm.
• Community and Diversity: Rich cultural scene, sprawling parks, and diverse communities contribute to a fulfilling lifestyle.

Access to Healthcare

• Healthcare Facilities: Philadelphia is home to several top-tier hospitals and medical institutions.
• Healthcare Cost: Generally comparable to national averages, though insurance can offset potential expenses.

Quality of K-12 Schools

• Public Schools: Mixed reviews, with performance widely varying across different districts.
• Private and Charter Schools: Some highly-rated options available, often at a significant cost.

Summary

Living in Philadelphia, PA, on an income of $76,670 offers a balanced lifestyle relative to the cost of living and housing market. While housing costs are more affordable compared to the national average, the overall cost of living is slightly higher, reflective of urban settings. Residents benefit from robust healthcare services and a rich cultural environment, though K-12 school quality may require consideration depending on district choices. Overall, Philadelphia provides a dynamic living experience with opportunities for both cultural enrichment and community engagement.