Quality of Life in Philadelphia, PA for a $51,595 Income

Cost of Living

• Overall Cost: The cost of living in Philadelphia is slightly above the national average.
• Major Expenses: Key expenses like groceries, healthcare, and transportation are moderately higher than the national statistics.
• Utilities and Miscellaneous: Utilities and other miscellaneous expenses align closely with national averages.

Housing Market

• Median Home Prices: Philadelphia’s median home price is significantly lower than the national median, offering more affordability for homeowners.
• Rental Market: Rent prices are slightly below or at national averages, providing feasible options for renters on a $51,595 income.
• Homeownership vs. Renting: The cost disparity between owning and renting is narrower than in many other metropolitan areas, allowing for flexible living arrangements.

Quality of Life

• Cultural and Recreational Opportunities: Rich with historical sites, museums, and parks, Philadelphia offers abundant cultural and recreational activities.
• Public Transportation: The city has a robust public transit system, facilitating affordable and expansive access across the region.
• Dining and Entertainment: Diverse dining options and active entertainment scene enhance the lively urban lifestyle.

Access to Healthcare

• Healthcare Quality: Philadelphia hosts several top-tier hospitals and medical facilities, assuring quality care.
• Affordability: Healthcare costs can be higher than average, but insurance coverage through employers often mitigates these expenses.
• Access: Residents have comprehensive access to specialized medical services and general health facilities.

Quality of K-12 Schools

• Public Schools: The public school system has a broad range of performance levels with some highly-rated schools and some underperforming ones.
• School Choice: Charter schools and magnet schools provide alternative educational opportunities.
• Private and Parochial Options: Numerous private and parochial schools are available, although they may require additional financial investment.

Overall Assessment

For a yearly income of $51,595, a resident in Philadelphia, PA enjoys a moderately comfortable quality of life compared to the broader U.S. The affordability of housing and the availability of cultural amenities make it attractive, despite slightly higher living expenses. With quality healthcare facilities and a mix of educational options, Philadelphia presents a viable option for individuals or families within this income bracket.