Quality of Life in Philadelphia on an $87,635 Salary

Cost of Living

• General Overview:

  • The cost of living in Philadelphia is slightly higher than the national average.
  • Philadelphia ranks just above the U.S. average for expenses such as transportation, groceries, and healthcare.

• Utilities and Groceries:

  • Utilities are generally affordable, aligning closely with the average national rates.
  • Grocery costs can vary but are typically moderate, with access to a variety of supermarkets and local markets.

• Transportation:

  • Philadelphia has a robust public transportation system, reducing the need for a personal vehicle, which can save costs.

Housing Market

• Home Prices:

  • The median home price in Philadelphia is lower than in other major U.S. metropolitan areas, but still above the national average.
  • Renting is also a viable option, with rental prices reflecting the urban setting but offering more affordability compared to cities like New York or San Francisco.

• Market Trends:

  • The housing market remains competitive yet accessible for middle-income earners.
  • There is a variety of neighborhoods that cater to different lifestyles and budgets.

Quality of Life

• Work-Life Balance:

  • Philadelphia offers a balance of urban living with proximity to parks, museums, and cultural institutions.
  • There is a vibrant dining and arts scene, enhancing leisure options.

• Safety and Environment:

  • Some areas in Philadelphia may have higher crime rates; however, many neighborhoods are quite safe and family-friendly.
  • City parks and green spaces provide a reprieve from urban hustle.

Access to Healthcare

• Facilities and Services:

  • Philadelphia is home to some top-ranked hospitals and healthcare facilities.
  • There is a wide network of healthcare providers and specialists.

• Insurance and Costs:

  • Most residents have access to employer-provided health insurance, although out-of-pocket costs can still be significant.

Quality of K-12 Schools

• Public and Private Options:

  • Philadelphia offers a mix of quality public, charter, and private schools.
  • Some public schools face challenges, but charter and private institutions often maintain high standards.

• Performance and Resources:

  • School performance can vary greatly, often correlating with neighborhood demographics.
  • Investment in educational resources is a priority for many schools across the city.