Quality of Life in Philadelphia, PA for an Income of $119,085

Overview

With an annual salary of $119,085, a resident of Philadelphia, PA, is likely to have a comfortable lifestyle compared to national standards, although several factors such as cost of living, housing, healthcare, and education quality must be considered to provide a comprehensive assessment.

Cost of Living

• General Affordability: Philadelphia's cost of living index is slightly above the national average. While the city is more affordable than other major urban areas like New York City or San Francisco, it's still more expensive than smaller cities and rural areas.
• Daily Expenses: Utilities, groceries, and transportation costs are moderate, but can add up depending on lifestyle choices and family size.

Housing Market

• Home Prices: The housing market in Philadelphia tends to be reasonably priced compared to the national average, although recent trends show rising property values.
• Homeownership Feasibility: With an income of $119,085, purchasing a home is feasible, especially if leveraging mortgage options. There's a wide range of neighborhoods catering to various budgets and preferences.

Quality of Life

• Cultural and Recreational Options: Philadelphia offers rich historical sites, diverse cultural experiences, and vibrant arts scenes, enhancing leisure and recreational life.
• Community and Lifestyle: The city's neighborhoods provide a mix of urban and suburban vibes, allowing for a variety of lifestyle choices. Philly's food scene is particularly noteworthy, with numerous restaurants and culinary experiences.

Access to Healthcare

• Healthcare Quality: Philadelphia is home to several top hospitals and medical schools, ensuring access to high-quality healthcare services. The city's healthcare costs align with national trends, albeit on the higher end.
• Insurance and Services: With a good salary, obtaining comprehensive health insurance and accessing a wide range of medical services is readily manageable.

Quality of K-12 Schools

• Public Education: The quality of K-12 education varies significantly across different districts in Philadelphia. While some schools perform well with strong extracurricular programs, others may face challenges such as underfunding.
• Private and Charter Schools: There are numerous private and charter school options, although they come at an additional cost, which is manageable with the given income.

Assessment

Residing in Philadelphia with an annual income of $119,085 enables access to a reasonable standard of living. While the cost of living is