Quality of Life in Philadelphia, PA on a $132,855 Income
An individual with an income of $132,855 per year in Philadelphia, PA, can enjoy a comfortable quality of life compared to other parts of the United States, considering Philadelphia's cost of living and housing market.
Cost of Living
- Philadelphia's cost of living is slightly above the national average.
- Groceries, transportation, and utilities are reasonably priced, but housing can be more expensive than in some regions.
- Diverse dining and entertainment options cater to various budgets, enhancing lifestyle flexibility.
Housing Market
- Median Home Price: The median home price in Philadelphia is lower than in many major U.S. cities but can still be challenging for first-time buyers.
- Rental Market: Rental prices for apartments are comparatively reasonable, offering various choices from high-rise luxury apartments to more affordable rowhouses.
- Property Taxes: Property taxes are moderate, impacting overall housing affordability.
Quality of Life
- Cultural Vibrancy: Rich in history, arts, and culture, with numerous museums, theaters, and historical sites.
- Outdoor Spaces: Philadelphia provides access to beautiful parks and recreation areas, including Fairmount Park and Schuylkill River Trail.
- Community Feel: Diverse neighborhoods each with unique character, contributing to a strong sense of community.
Access to Healthcare
- Healthcare Facilities: Home to some of the nation's leading hospitals and healthcare institutions, offering high-quality medical care.
- Insurance Availability: Comprehensive health plans are available, though cost remains a consideration for budgeting.
Quality of K-12 Schools
- Public Schools: Varied quality, with some excellent public schools and others needing improvements.
- Private and Charter Schools: Numerous private and charter schools provide alternatives and are well-regarded for academic excellence.
- Higher Education Proximity: Close proximity to prestigious universities like the University of Pennsylvania and Drexel University, enhancing educational environment and opportunities.
Summary
A salary of $132,855 in Philadelphia allows for a comfortable life with access to historical and cultural amenities, a reasonable housing market, and quality healthcare. The city's diverse educational options and vibrant community atmosphere further enhance the quality of life, making it an attractive place for both individuals and families.
