Quality of Life in Philadelphia, PA with an Annual Income of $69,275

Cost of Living

• Comparison to National Average:
  • The cost of living in Philadelphia is slightly higher than the national average.
  • Groceries, transportation, and healthcare costs tend to hover around the national median, ensuring these necessities remain relatively affordable.
• Utilities and Miscellaneous:
  • Utility costs, such as electricity and water, are marginally higher than the U.S. average.
  • Other expenses, including entertainment and dining out, can vary but generally reflect the costs seen in most major urban centers.

Housing Market

• Median Home Price:
  • The median home price in Philadelphia is significantly lower than in other large cities like New York or San Francisco, providing more opportunities for home ownership.
  • It is, however, slightly above the national average, reflecting the city's urban status.
• Rental Market:
  • Renting can be competitive, with prices varying greatly depending on the neighborhood.
  • Center City and trendy neighborhoods like Fishtown tend to be more expensive, while areas further from the downtown core offer more affordable options.

Quality of Life

• Transportation:
  • Philadelphia has a robust public transportation system with buses, trolleys, and the SEPTA regional rail, making commuting affordable and convenient.
  • Some traffic congestion can be expected in and around the city center.
• Cultural and Recreational Opportunities:
  • The city offers a rich historical heritage, numerous museums, theaters, parks, and recreational facilities.
  • Sports enthusiasts enjoy a vibrant sports culture with major league teams.

Access to Healthcare

• Healthcare Quality:
  • Philadelphia is home to some top-rated hospitals and medical research institutions.
  • Access to care is generally good, but out-of-pocket costs can vary depending on insurance coverage.
• Insurance:
  • Most residents have access to employer-provided health insurance, though premiums can consume a fair portion of the income.

Quality of K-12 Schools

• Public Schools:
  • Public school quality varies widely, with some schools receiving high ratings and others struggling due to budget constraints.
  • Charter and magnet schools are popular alternatives for many families.
• Private Education:
  • There are numerous private schools offering high-quality education, but these can come at a significant cost.

Assessment Summary

Philadelphia offers a