Quality of Life in Philadelphia, PA

Income Overview

• Annual Salary: $96,730
• Comparison: Slightly above the median household income of the United States

Cost of Living

• General Perspective: Philadelphia’s cost of living is lower than other major cities like New York or San Francisco but higher than the national average.
• Key Expenses:
  • Housing: Largest expense for most residents
  • Utilities, Groceries, Transportation: Generally aligned with the national average

Housing Market

• Current Trends:
  • Median home prices in Philadelphia are more affordable than cities on the East and West coasts.
  • Significant demand for housing in urban and suburban areas.
• Affordability: The income of $96,730 provides a good capacity for homeownership, though prices are rising.

Quality of Life

• Cultural and Recreational Opportunities:
  • Rich historical sites, museums, theaters, and diverse dining options.
  • Access to parks and recreational activities within and around the city.
• Community and Lifestyle:
  • Neighborhood diversity offers various lifestyles from urban excitement to quiet suburbs.

Access to Healthcare

• Healthcare Facilities: Numerous leading hospitals and healthcare providers.
• Insurance and Costs: Health insurance and out-of-pocket costs may vary, impacting affordability depending on coverage.

Quality of K-12 Schools

• Public Education:
  • Varied quality across different neighborhoods.
  • Some schools excel in academics and extracurriculars, while others face challenges.
• Private and Charter Schools: Available alternatives with often higher educational ratings.

Summary of Assessment

Someone earning $96,730 per year in Philadelphia enjoys a favorable quality of life relative to many other parts of the country. The cost of living is manageable, with housing prices allowing for reasonable homeownership opportunities. Access to healthcare and cultural amenities add to the city’s appeal, though the quality of public schools can vary significantly. Overall, this income level provides a comfortable living with access to urban conveniences and rich historical and cultural attractions.