Quality of Life in Philadelphia, PA on a $86,700 Salary

Overview

Philadelphia, known for its rich history and vibrant culture, offers a unique living experience. Here’s a look at how earning $86,700 a year measures up against the cost of living, housing, healthcare access, and education compared to the broader United States.

Cost of Living

• Below National Average: While Philadelphia's cost of living is generally considered below the national average, specific expenses such as groceries and utilities can be somewhat higher than in other parts of the country.
• Transportation: Public transportation is robust and relatively affordable, reducing the need for personal vehicle expenses.
• Food and Dining: An abundance of affordable dining options and a strong local food scene provide cost-effective ways to enjoy meals out.

Housing Market

• Median Home Price: As of recent data, the median home price in Philadelphia is significantly lower than the national median, making homeownership more accessible compared to cities like New York or San Francisco.
• Renting: Rental prices in Philadelphia are moderate, offering good options for those not seeking to purchase a home immediately.
• Neighborhood Variability: Wide-ranging neighborhoods offer diverse living environments—from urban to more residential settings—catering to varied lifestyle preferences.

Quality of Life

• Cultural and Recreational Opportunities: Philadelphia boasts numerous museums, parks, and historic sites, providing residents with rich cultural and recreational options.
• Employment Opportunities: The city has a robust job market, particularly in sectors like education, healthcare, and finance.
• Community Vibe: Known for its friendly neighborhoods, residents often enjoy a strong sense of community and local engagement.

Access to Healthcare

• Renowned Medical Facilities: Philadelphia is home to several top-ranked hospitals and healthcare institutions, providing excellent healthcare services.
• Insurance: On a salary of $86,700, healthcare insurance is typically affordable, with employers often offering competitive benefits packages.

Quality of K-12 Schools

• Diverse Educational Options: The city offers a variety of public, charter, and private schools, providing numerous educational choices for families.
• Public Schools: While some neighborhoods may have variable school quality, Philadelphia has several highly regarded magnet and charter schools.
• Higher Education Institutions: Proximity to renowned colleges and universities adds value for those considering long-term educational planning.

Summary

Overall, an annual