Philadelphia is a major metropolitan area in PA with a population of 1,567,442 residents. With a median home price of $411,714 (18% above the national median) and median household income of $73,501, Philadelphia is considered somewhat expensive with a price-to-income ratio of 5.6x.
The real estate market in Philadelphia features a median home price of $411,714, which is 18% higher than the U.S. national median of $350,000. Monthly rent averages $1,715, 14% above the national average. Over the past decade, rent has increased by 42%.
Philadelphia has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Philadelphia offers a median household income of $73,501, which is 5% higher than the national median of $70,000. Residents spend approximately 28% of their income on rent annually, which is within the recommended 30% threshold.
Understanding the climate of Philadelphia is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Philadelphia compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Philadelphia is $411,714, with average monthly rent of $1,715. The median household income is $73,501, giving the city a price-to-income ratio of 5.6x.
Philadelphia has moderate affordability with a price-to-income ratio of 5.6x, close to the national average.
Philadelphia has a population of 1,567,442 residents, making it the #5 largest city in the United States.
Philadelphia has a violent crime rate of 282 per 100,000 residents, which is below the national average. The property crime rate is 1246 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
Compare cost of living with your current city to make an informed decision.
Moving to a new city can be overwhelming. Our relocation experts are here to help you find the perfect neighborhood, schools, and local services.
