Quality of Life in Philadelphia, PA
Individuals making $68,255 annually in Philadelphia, PA, generally encounter a cost of living and quality of life that can vary when compared to the broader United States. Here's an assessment of how this salary aligns with the city's expenses and living standards.
Cost of Living
- Comparison to National Average: The cost of living in Philadelphia is slightly above the national average. Essential expenses, such as groceries, utilities, and transportation, might be a bit higher than in other parts of the country.
- Affordability: While not the most expensive city, residents may find they need to budget carefully to manage everyday costs comfortably on an income of $68,255.
Housing Market
- Median Home Prices: Philadelphia's median home prices are generally lower than those in many other major U.S. cities, providing more affordability for potential homeowners.
- Renting: For renters, the city's rates are more reasonable compared to urban areas like New York or San Francisco, making it an attractive option for those preferring to rent.
Quality of Life
- Cultural Opportunities: The city offers a rich array of cultural and historical attractions, enhancing the quality of life for residents who value arts and culture.
- Recreational Activities: Access to parks and recreational facilities provides ample opportunity for leisure and family activities.
Access to Healthcare
- Healthcare Facilities: Philadelphia boasts a number of high-ranking hospitals and healthcare facilities, giving residents access to quality medical care.
- Cost of Healthcare: Healthcare costs are comparable to the national average, which means healthcare access may be affordable within this salary range, depending on individual insurance plans.
Quality of K-12 Schools
- Public Schools: The quality of K-12 public education in Philadelphia can vary widely, with some schools performing well above state averages and others below.
- Private and Charter Schools: There is a broad selection of private and charter schools available, though they may require additional financial resources.
Summary
Living in Philadelphia on a $68,255 salary offers a mixed quality of life experience. While housing may be more affordable compared to other major cities, the general cost of living is slightly higher than the national average. The rich cultural scene and access to quality healthcare contribute positively to life in the city. Residents may need to evaluate their priorities carefully, particularly concerning education and housing, to make the most of their income in Philadelphia
