Quality of Life in Philadelphia, PA: A $97,155 Income Perspective

Philadelphia, PA, offers diverse opportunities and living experiences that vary significantly based on income levels. For someone earning $97,155 annually, understanding the cost of living, housing, healthcare, and education is crucial. This assessment explores how this income fares against the costs associated with living in Philadelphia compared to the broader United States.

Cost of Living

• Overall Cost: Philadelphia’s cost of living moderately aligns with the national average but is generally lower than other major Northeast cities like New York or Boston.
• Utility Costs: Residents experience utility costs that are slightly above the national average, impacting monthly expenses.
• Transportation: Public transportation is a cost-effective option, supplemented by reasonable rates for service and commuting convenience.

Housing Market

• Home Prices:
  • As of recent data, the median home price in Philadelphia is approximately $250,000, which is below the national median, giving an edge for home buyers at this income level.
  • Neighborhoods vary widely in cost, with more affordable options in West and Northeast Philadelphia.
• Rental Costs:
  • Average rent prices for a one-bedroom apartment stand around $1,200 per month, making renting a viable option for those not looking to buy.

Quality of Life

• Cultural and Recreational Opportunities:

  • Philadelphia offers a rich historical and cultural scene, including museums, theaters, and world-class dining, enhancing the quality of life.
  • Green spaces and parks are plentiful, promoting outdoor activities and healthy living.

• Work-Life Balance:

  • A 40-hour workweek is generally standard, with several holidays and vacation days aligning with national statistics, promoting a good work-life balance.

Access to Healthcare

• Healthcare Quality:
  • Home to renowned medical institutions like Penn Medicine and the Children’s Hospital of Philadelphia, the city provides excellent healthcare options.
  • Costs of healthcare services are slightly above the national average, influencing overall affordability.

Quality of K-12 Schools

• Public School System:

  • Performance varies significantly across the city, with some schools ranking well above national standards and others below them.
  • Charter and magnet schools offer strong alternatives for families seeking more educational options.

• Private Schools:

  • Numerous reputable private schools provide high-quality education, although they come with higher tuition costs.

Assessment Summary

Living in Philadelphia with a