Quality of Life in Philadelphia, PA with a Salary of $95,030
Philadelphia, Pennsylvania, offers a diverse and vibrant environment for individuals earning $95,030 per year. Below is an analysis of how this salary compares to the average cost of living, home prices, and other quality of life factors in Philadelphia relative to the broader United States.
Cost of Living
- Comparison to National Average: Philadelphia's cost of living is slightly higher than the national average, but this salary affords a comfortable lifestyle.
- Expenses:
- Housing: Housing costs are a significant expense, but more affordable than in other major cities like New York or San Francisco.
- Utilities and Transportation: Generally align with national averages, though car insurance and utilities might be slightly more expensive.
- Groceries and Dining: Competitive with the national average, offering a range of choices from budget-friendly to fine dining.
Housing Market
- Current Trends: The housing market in Philadelphia is robust, with moderate price growth driven by increasing demand.
- Home Prices:
- Median Home Price: Higher than the national median but lower than other East Coast cities.
- Renting vs. Buying: Renting remains a viable option, with prices aligned to income levels in the region.
Quality of Life
- Cultural and Leisure Activities: Philadelphia is rich in history and culture, with a wide range of activities including museums, parks, restaurants, and sports.
- Safety and Community: Certain neighborhoods provide comfortable and secure living, although crime rates vary across the city.
Access to Healthcare
- Healthcare Facilities: Home to top-rated hospitals and medical institutions.
- Insurance and Costs: Health insurance costs are often manageable with employer-provided plans frequently available.
Quality of K-12 Schools
- Education System: Offers a mix of public, charter, and private schools.
- School Rankings: Some schools are highly rated, but quality can vary significantly between neighborhoods.
- Investment in Education: Ongoing initiatives increase educational opportunities and resources for students.
Assessment
Overall, an individual earning $95,030 per year in Philadelphia can expect a comfortable quality of life, with access to good healthcare, diverse activities, and decent educational options. While some aspects, like housing, may be more expensive than other parts of the country, the benefits of residing in a city
