Quality of Life in Philadelphia, PA on a $68,255 Annual Salary

Living in Philadelphia, PA, on an annual salary of $68,255 offers a moderating financial experience, particularly when analyzed against the broader United States. Below, we delve into the key aspects of cost of living, housing, quality of life, healthcare access, and education.

Cost of Living

• Overall Costs: Philadelphia’s cost of living is slightly higher than the national average. While some aspects like groceries and healthcare align closely with national metrics, housing and utilities tend to be costlier.
• Utilities and Transportation: Utilities are moderately priced, while public transportation offers affordable options which can offset the need for personal vehicle expenses.

Housing Market

• Home Prices: The median home price in Philadelphia is generally lower than the national median, making home ownership somewhat more attainable on a $68,255 salary.
• Rental Market: Renting is competitively priced, with a wide range of options across different neighborhoods catering to middle-income earners.

Quality of Life

• Cultural and Recreational Opportunities: Philadelphia boasts rich historical and cultural offerings, including museums, art galleries, and parks which enrich residents' lives.
• Dining and Shopping: The city provides numerous dining and shopping options, ranging from budget-friendly to upscale, ensuring variety for residents.

Healthcare Access

• Healthcare Facilities: Philadelphia is home to multiple reputable hospitals and healthcare providers.
• Healthcare Costs: While access to healthcare is strong, costs can be slightly above the national average, necessitating careful planning for medical expenses.

Quality of K-12 Schools

• Public Education: The quality of public schools varies significantly by neighborhood, with some schools performing above state averages and others struggling with limited resources.
• Private and Charter Schools: There are numerous private and charter school options available, offering specialized programs and varied curriculums.

Summary

Living in Philadelphia, PA, on a $68,255 salary provides a balanced quality of life. While the cost of living is slightly above the national average, the relatively affordable housing market is an advantage. The city offers rich cultural attractions and adequate healthcare facilities, though medical costs may require budget consideration. Education quality varies, necessitating research for those with school-aged children. Overall, Philadelphia presents a dynamic and culturally rich environment, making it a viable city for middle-income earners.