Cost of Living in Philadelphia, PA
2024 data from the Bureau of Economic Analysis
Cost Index
102.6
2.6% above avg
Housing Index
113.1
Median Income
$85,555
Median Rent
$1,347/mo
Cost Breakdown
Overall102.6 (+2.6%)
Housing113.1 (+13.1%)
Goods96.8 (-3.2%)
Utilities114.4 (+14.4%)
Other Services103.1 (+3.1%)
National average = 100
Income & Housing
Median Household Income
$85,555/year
Median Home Value
$304,900
Median Monthly Rent
$1,347/mo
Per Capita Income
$47,051/year
Compare Philadelphia, PA With
Philadelphia, PA vs Worcester, MAPhiladelphia, PA vs Bozeman, MTPhiladelphia, PA vs Mount Vernon, WAPhiladelphia, PA vs North Port, FLPhiladelphia, PA vs Hartford, CTPhiladelphia, PA vs Cape Coral, FLPhiladelphia, PA vs Fresno, CAPhiladelphia, PA vs Albany, ORPhiladelphia, PA vs Dallas, TXPhiladelphia, PA vs Trenton, NJ
Frequently Asked Questions
Is Philadelphia, PA expensive to live in?
Philadelphia, PA has a cost of living index of 102.6, which is 2.6% above the national average.
How much does housing cost in Philadelphia, PA?
Housing costs in Philadelphia, PA are indexed at 113.1 compared to the national average of 100. The median monthly rent is $1,347.
What is the average income in Philadelphia, PA?
The median household income in Philadelphia, PA is $85,555 per year.
What is the average home price in Philadelphia, PA?
The median home value in Philadelphia, PA is $304,900.