Quality of Life in Philadelphia, PA on a $71,485 Income

Cost of Living

• Average Living Expenses: Philadelphia's cost of living is relatively moderate compared to other major metropolitan areas in the U.S., though higher than the national average. It's important to consider living expenses such as housing, utilities, transportation, groceries, and healthcare.
• Index Rating: Philadelphia's overall cost of living index is about 110, where the national average is 100.

Housing Market

• Median Home Price: The median home price in Philadelphia is lower than in other prominent cities like New York, Boston, and San Francisco but slightly above the national median. The current median home price hovers around $300,000, providing more affordable options for prospective homebuyers.
• Rental Costs: Renting is also moderately priced compared to other major cities, with the average rent for a one-bedroom apartment in the city center being around $1,500 per month.

Quality of Life

• Cultural and Recreational Activities: Philadelphia offers a rich cultural scene with numerous museums, theaters, and music venues. This enhances the quality of life for residents who enjoy arts and culture.
• Diverse Dining Options: The city is known for its diverse food culture, ranging from local cheesesteak joints to high-end dining experiences.
• Outdoor Spaces: Ample green spaces and parks, such as Fairmount Park, offer residents opportunities for outdoor activities and relaxation.

Access to Healthcare

• Healthcare Facilities: Philadelphia is home to several top-ranked hospitals and healthcare facilities, including the University of Pennsylvania Hospital system. Residents have access to quality healthcare services.
• Healthcare Costs: Philadelphia’s healthcare costs are above the national average, which can impact budgeting for those living on a fixed salary.

Quality of K-12 Schools

• Public Schools: The quality of K-12 public education is mixed, with some highly rated schools and others less so. The School District of Philadelphia offers a variety of magnet and charter schools providing options for families.
• Private and Charter Schools: There are numerous private and charter schools offering alternative options to public education, often with a focus on specialized curricula.

Overall Assessment

Living in Philadelphia with an income of $71,485 provides a reasonable lifestyle, balancing cost of living, housing affordability, and quality of life. While some expenses like healthcare and housing might be slightly higher than