Quality of Life in Philadelphia, PA on an Annual Income of $61,370

An annual salary of $61,370 in Philadelphia, PA offers a particular quality of life relative to living costs, home prices, and general affordability in the area when compared to the rest of the United States. Below is a detailed assessment of various factors impacting this lifestyle.

Cost of Living

• Comparison to National Average:
  • Philadelphia's cost of living is moderately higher than the national average, driven mainly by housing and utilities.
• Essentials:
  • Groceries and transportation costs are relatively in line with the national average, making day-to-day expenses manageable.
• Utilities and Services:
  • Utility costs can be higher, especially for heating and electric power during extreme weather months.

Housing Market

• Home Prices:
  • The median home price in Philadelphia is generally lower than in some major U.S. cities but slightly above the national median.
• Rental Market:
  • Renting is often more affordable than buying, with average rental prices offering a range of options across neighborhoods.
• Availability:
  • A diverse range of housing options is available, from single-family homes to apartments, catering to various income levels.

Quality of Life

• Entertainment and Cultural Offerings:
  • Philadelphia is rich in history, culture, and entertainment, offering numerous museums, parks, theaters, and historic sites.
• Commute and Transportation:
  • Public transportation is well-developed, providing easy access to the city and surrounding areas, although traffic congestion can be a problem.
• Safety:
  • Like many urban areas, safety and crime rates vary significantly by neighborhood, requiring careful consideration.

Access to Healthcare

• Healthcare Facilities:
  • Philadelphia is home to numerous highly-ranked hospitals and medical centers, ensuring access to quality medical services.
• Cost of Healthcare:
  • Medical expenses tend to be higher, reflective of the overall national trend in healthcare costs.

Quality of K-12 Schools

• Public Education:
  • The quality of public schools in Philadelphia varies widely; some public schools perform well, while others may struggle.
• Higher Education Options:
  • Philadelphia offers a variety of prestigious private and charter schools, often at a higher cost.
• Performance Metrics:
  • Schools in the suburbs generally perform better on state assessments compared to city schools.

Summary