Quality of Life in Philadelphia, PA on a $90,100 Salary

Overview of Cost of Living

• Cost of Living Index: Philadelphia's cost of living is slightly above the national average, with a cost of living index around 107 compared to the US average of 100.
• Expenses: Key expenses such as groceries, transportation, and utility bills are modestly higher than the national figures, but dining and entertainment options remain diverse and relatively affordable.

Housing Market

• Median Home Price: As of the latest assessment, the median home price in Philadelphia is approximately $300,000, which is below the national median of around $400,000.
• Property Tax: The property tax rate is moderately higher, which can increase long-term housing costs.
• Rental Market: With a variety of neighborhoods, rental prices range widely, offering both upscale options and more affordable choices. The average rent for a one-bedroom apartment hovers around $1,500 per month.

Quality of Life

• Cultural Scene: Philadelphia boasts a rich historical and cultural environment with numerous museums, theaters, and historical sites.
• Public Transportation: The city has a robust public transportation system, making commutes manageable and reducing the need for car ownership.
• Community and Recreation: Numerous parks and recreational facilities encourage an active lifestyle, contributing positively to residents' well-being.

Access to Healthcare

• Healthcare Facilities: Philadelphia is home to several leading hospitals and healthcare institutions, offering high-quality medical services.
• Health Insurance Costs: Health insurance rates align closely with the national average, although costs may vary depending on employer coverage and personal needs.

Quality of K-12 Schools

• School Ratings: Philadelphia’s K-12 school system includes a mix of high-performing public and private schools. Some public schools might face challenges, reflected in varied performance ratings.
• Educational Opportunities: Numerous charter and magnet schools provide alternative education opportunities, enhancing the overall educational landscape.

Summary

Living in Philadelphia, PA on a salary of $90,100 provides a comfortable quality of life relative to the broader United States. While some costs, particularly housing and taxes, can be higher, the overall expenses remain manageable with careful budgeting. The city's vibrant culture, extensive healthcare facilities, and mixed educational opportunities offer a balanced lifestyle, with unique urban advantages.