Quality of Life in Philadelphia, PA on a $86,615 Salary

Living in Philadelphia with a salary of $86,615 provides a comfortable lifestyle, considering the city's balance between urban amenities and affordability. Here's an analysis of various factors that influence the quality of life:

Cost of Living

• Overall Cost: Philadelphia's overall cost of living is around 17% higher than the national average, but it remains lower than many other major U.S. cities.
• Utilities: Utility costs are slightly higher than the national average, influenced by dense urban infrastructure.
• Transportation: Public transportation options like SEPTA provide affordable travel within the city, reducing the necessity for car ownership and related expenses.

Housing Market

• Home Prices: As of late 2023, the median home price in Philadelphia is approximately $295,000, which is nearly 30% lower than the national median.
• Rental Market: The average rent for a one-bedroom apartment is approximately $1,400, making it fairly reasonable relative to many large metropolitan areas.
• Housing Trends: Generally a buyer’s market with accessible options for homes within commuting distance of central job hubs.

Quality of Life

• Cultural Scene: Rich in historical landmarks, museums, and a vibrant arts community, Philadelphia offers diverse entertainment and cultural experiences.
• Green Spaces: Ample parks, such as Fairmount Park, provide outdoor leisure opportunities within the city limits.
• Community and Diversity: Known for its diverse neighborhoods, Philadelphia offers rich cultural experiences and a strong community atmosphere.

Access to Healthcare

• Healthcare Facilities: Philadelphia is home to renowned hospitals and research centers, such as the University of Pennsylvania Health System and Jefferson Health.
• Healthcare Costs: Healthcare expenses are slightly above average, but the availability of high-quality services offsets costs for residents.

Quality of K-12 Schools

• Public School System: Philadelphia's public schools vary in quality, with some schools underperforming compared to national standards, yet there are notable exceptions with high-achieving charter and specialized schools.
• Private and Charter Schools: A variety of private and charter schools offer alternatives, often at a premium.
• Educational Resources: Students benefit from robust programs and extracurricular activities provided by many institutions across the city.

Overall Assessment

Philadelphia offers a desirable quality of life for someone earning $86,615 annually. With lower housing