Quality of Life in Philadelphia, PA on a $117,300 Salary

Understanding the quality of life that can be expected with a salary of $117,300 in Philadelphia, PA requires an examination of several factors relative to the broader United States, including the cost of living, housing market conditions, healthcare access, and educational opportunities.

Cost of Living

• General Overview: Philadelphia's cost of living is slightly above the national average. While some expenses, such as groceries and utilities, align closely with national figures, others like housing and transportation can be higher.
• Monthly Expenses: Residents can expect to spend more on everyday expenses relative to some other parts of the country but will find it manageable with a $117,300 salary.

Housing Market

• Home Prices: The median home price in Philadelphia tends to hover below the national average, though it can fluctuate depending on the specific neighborhood.
• Renting vs. Buying: Renting is a viable option in the city, with varied prices depending on location, offering flexibility for residents.
• Affordability: With a $117,300 income, many residents can comfortably afford mortgage payments on a medium-priced home or luxurious apartments in desirable areas.

Quality of Life

• Cultural and Recreational Amenities: Philadelphia offers rich cultural diversity, historical significance, and numerous recreational opportunities, enhancing quality of life.
• Commute Times: The city provides good public transportation options, though traffic congestion can impact commuting in some areas.

Access to Healthcare

• Healthcare Facilities: Access to high-quality healthcare is readily available, with numerous hospitals and clinics throughout the city.
• Insurance Costs: Healthcare costs might be above national averages but are generally balanced by the quality and availability of services.

Quality of K-12 Schools

• Public School System: Philadelphia's public schools vary widely in quality. While some schools perform at or above the national average, others face challenges.
• Private and Charter Schools: There are numerous private and charter schools offering alternatives, often with excellent educational outcomes.

Assessment

Someone earning $117,300 annually in Philadelphia, PA, experiences a quality of life that generally balances well with the city's cost of living. While home prices and some living expenses exceed the national average, the salary can accommodate a comfortable lifestyle:

• Residents enjoy a rich array of cultural and recreational opportunities.
• Access to healthcare is excellent, though costs are above average