Quality of Life Assessment in Philadelphia, PA

Income Overview

• Annual Income: $139,655
  • This income is above the median household income for Philadelphia, affording a relatively comfortable lifestyle.

Cost of Living

• General Living Costs:
  • Slightly above the national average.
  • Higher costs particularly noted in housing and taxes.
• Transportation and Utilities:
  • Similar or slightly higher costs compared to the national average.
• Food and Entertainment:
  • A diverse culinary scene but generally affordable.
  • Numerous free or low-cost cultural and recreational opportunities.

Housing Market

• Home Prices:
  • Median home price is higher compared to other parts of the country, but considerably lower than cities like New York or San Francisco.
• Rental Costs:
  • High demand in central locations drives up rent prices.
  • Options are available, varying by neighborhood with more affordable housing in surrounding areas.

Quality of Life

• Cultural and Recreational Opportunities:
  • Rich in history, diverse neighborhoods, with numerous museums, parks, and historic sites.
  • Vibrant arts scene and extensive public events throughout the year.
• Commute and Transportation:
  • Well-connected public transportation system, reducing dependency on personal vehicles.
  • Commute times can vary depending on the neighborhood.

Access to Healthcare

• Healthcare Facilities:
  • High concentration of hospitals and medical institutions.
  • Access to top-tier healthcare services.
• Healthcare Costs:
  • Costs can be higher than the national average, influenced by insurance options and service availability.

Quality of K-12 Schools

• Public Education:
  • Wide range in quality with some prestigious public magnet and charter schools.
  • Disparities in education quality across different neighborhoods.
• Private and Charter Options:
  • Numerous private and charter schools provide alternatives to public schooling.
  • Often higher-performing but with additional costs.

Summary

Living in Philadelphia with an income of $139,655 typically allows for a comfortable quality of life, despite the slightly elevated cost of living. The city's vibrant culture, robust healthcare network, and diverse educational opportunities provide a balanced lifestyle, although housing in prime locations can be expensive. Access to public transportation and a rich variety of recreational activities enhance daily living, making Philadelphia an attractive choice for individuals earning at this level.