What Salary Do You Need To Live in Philadelphia

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Moving from NYC to Philadelphia

Philadelphia is a wonderful city, regardless of whether you are just visiting or if you intend to stay there. It is no wonder that so many people want to live there, but one important question needs to be asked – how much do I need to live comfortably in Philadelphia? There’s no point in moving somewhere where you can’t afford your lifestyle.

If you’re considering relocating to Philadelphia, you may be wondering what salary you need to live comfortably. According to PayScale, the average Philadelphia salary is around $53,885. However, your required income will vary depending on your lifestyle and spending habits. So whether you’re just starting in your career or you’re ready for a change, read on for information about salaries in Philadelphia. In this blog post, we’ll take a closer look at the cost of living in Philadelphia and what salary you need to cover your expenses. We’ll also provide tips for keeping your costs down.

Where Does Your Salary Go Living In Philadelphia?

The Philadelphia area is home to a wide range of businesses, from small mom-and-pop shops to large corporations. As a result, the cost of living in Philadelphia can vary widely depending on where you live and work. In general, the closer you are to the city center, the higher your cost of living will be. This is because Philadelphia is a major metropolitan area, and prices for everything from housing to food tend to be higher in cities than in suburbs or rural areas. If you’re looking to save money, you may want to consider living in one of Philadelphia’s many suburbs. Prices for goods and services tend to be lower in these areas, and you may find that your salary goes further. Of course, suburban living isn’t for everyone, and you’ll need to weigh the pros and cons of living in the city versus the suburbs before deciding. But if you’re looking to save money, it’s worth considering.

While the average Philadelphia salary is more than $53,885, your actual costs will depend on which neighborhoods you live in, where you work and how many people are in your household.


Costs Of Real Estate In Philadelphia

Real estate in Philadelphia is among the most expensive in the country. Costs for homes and apartments in this bustling city typically range from $250,000 to several million dollars for luxury properties. Renters in Philadelphia should earn at least $3,297 per month before taxes to live comfortably, as a one-bedroom apartment costs $1,099.

While these high prices can be a major barrier for many prospective homebuyers, several factors contribute to Philadelphia’s high cost of real estate. These factors include rising demand from local residents and recent movers, limited housing inventory due to strict zoning laws, fluctuating interest rates driven by economic conditions, and various taxes and fees associated with property transactions. Ultimately, while the costs of real estate in Philadelphia may seem daunting at first glance, there are numerous factors at play that help to drive these prices upward. Whether you’re an existing homeowner or a first-time buyer looking for your dream home, the Philadelphia real estate market has something to offer everyone.

See Also: How Much Does it Cost to Move Out Of Philadelphia?

Costs Of Transportation In Philadelphia

When it comes to public transportation, most large cities are hit-or-miss. Philadelphia, fortunately, scored well in this area. According to census data, 24 percent of Philadelphians use public transportation to go to work, which is the third-highest rate among the ten cities with a million or more people in the United States. Residents may use buses or trains to arrive at their destinations.

Costs of transportation in Philadelphia vary depending on the mode of transportation. Costs also depend on the distance traveled. Costs can be broken down into direct and indirect costs. Direct costs are incurred while using the transportation system and include things such as train fares, bus fares, and vehicle operating costs. Indirect costs are those that are not incurred while using the system but are a result of it, such as the value of time spent waiting for a train or bus. To calculate the total cost of transportation, both direct and indirect costs must be considered.

The Southeastern Pennsylvania Transportation Authority (SEPTA) is the city’s transportation authority. If you’re trying to save money on your journey, go with a weekly pass rather than a single daily pass. A one-day convenience ticket costs $9, while a weekly pass costs $25.50.

According to the Living Wage Calculator at MIT, a single adult Philadelphia resident spends $4,332 on transportation each year. However, if you want to save more money, a monthly public transportation pass for $96 can save you up to 75%. You’ll spend less than $1,152 throughout the year.

Taxes In Philadelphia

If you live in Philadelphia, you know that the city imposes several different taxes. There is a sales tax, an occupation tax, a business income, receipts tax, use, occupancy tax, etc. However, there is one tax that is often misunderstood: the wage tax. The wage tax is imposed on all wages earned within the city, regardless of whether the employer is located in Philadelphia. Residents’ property tax can be a significant strain on individuals, as it may reach 3.93% for residents of Philadelphia and 3.50% for non-residents who work in the city. However, it is important to remember that the wage tax is used to fund essential city services, such as schools, public safety, and parks and recreation. Without this tax, these services would not be possible. As a result, it is important to weigh the cost of the wage tax against the benefits that it provides.

The required sales tax ratio for Philadelphia, Pennsylvania, is 8%. This is the total state, county, and city sales tax rates. The current state sales tax rate is 6%. There is no city sales tax in Philadelphia.


Utility Bills In Philadelphia

Utility costs are greater in the city of Philadelphia than in most other regions of the United States. The average utility bill for a resident of Philadelphia is $171.62, which includes gas, electricity, and water. The expense of internet and phone service is not included. However, it is difficult to estimate these costs as they vary greatly depending on individual usage and many costs are location, carrier, and time-dependent.

According to the water department, the typical household water, sewer, and stormwater bill in Philadelphia are $US 70.87. These rates will increase by 4% each year through 2022. Trash service is $29 per month, and there is a $10 recycling fee. These fees are subject to change each year. Internet and phone service providers will have their rates, depending on the type of service and package selected. These are just some of the average utility bills you can expect to see in Philadelphia. As always, it’s best to check with your specific provider for up-to-date pricing information.

Costs Of Food In Philadelphia

According to the USDA, the typical Philadelphian spends $3,690 on food each year. However, for a family of four with two adults and two children, this cost shoots up to $10,806 per year. The cost of food in Philadelphia can vary widely depending on many factors. For example, basic staples like meat, produce, and dairy tends to be more expensive in the city than in rural areas.

This is due, in part, to transportation costs and the high density of the population. Additionally, the selection of foods is often more limited in urban locations than in rural areas. On the other hand, restaurants and convenience stores tend to have higher prices than grocery stores because they must also cover licensing fees and business operating costs. Ultimately, whether or not food is expensive in Philadelphia comes down to where you’re buying it and what types of food you’re purchasing. Nevertheless, it is important to be mindful of your budget when trying to eat healthfully in this bustling city.

If you’re looking for a deal to save some money, Philadelphia has a few of the best bargain grocers in the country. ALDI and Trader Joe’s provide substantial discounts regularly that typically surpass those of their local rivals.


Healthcare Costs In Philadelphia

According to a recent study, the annual medical costs for an individual and a family of four are $2,729 and $7,008, respectively. This figure includes both medical and dental care, as well as prescription medications. These costs do not include long-term care or specialty services.

Unfortunately, these prices are rising in Philadelphia and throughout the country. As a result, it is important to plan for potential healthcare expenses before you need them. Healthcare.gov is a government website that allows users to look at various health insurance plans available. To help you choose the best combination, search through low-cost, single-member, and family options. The site also contains essential information and tools, including open-enrollment dates and how to transfer your address so that you don’t have to worry about a lapse in coverage.

There are a variety of low-cost and no-cost healthcare alternatives in Philadelphia. To ensure accessible care for all, city health centers provide fee programs based on income and family size. You can enroll in a health insurance policy in person at any city health center location if you need assistance. Here are some tips for saving money and reducing healthcare costs:

· Use your local pharmacy or online providers to purchase medication at a lower cost.

· Take advantage of free preventive services, such as screenings and immunizations, in your healthcare plan.

· Shop around to find the best insurance coverage for you and your family.

Childcare Costs In Philadelphia

If you’re planning to have or are currently raising children in Philadelphia, you’ll need to factor in childcare costs. The average cost of full-time, full-day care in Philadelphia was between $467 and $2,271 per month across age groups, with an average charge of $1,143 per month. On average, full-time, full-day care at a toddler daycare in Philadelphia costs $1,222 per month. However, the cost may vary based on the child’s age and the service you are availing of. of

As a parent, you’ll also need to consider extracurricular activities for your child. After-school programs in Philadelphia often cost between $50 and $200 per month. Meanwhile, sports teams or lessons can range from $50 to over $1,000 per season, depending on the sport and level of competition involved. Furthermore, many summer camps cost between $250 and $700 per week.

To save on childcare costs, you may want to consider finding a babysitter or nanny through a personal referral. You can also check out websites like Care.com, which offer background-checked providers at various price points.

See Also: Best Moving Companies In Philadelphia


Miscellaneous Costs In Philadelphia

In addition to the costs of food, healthcare, and childcare in Philadelphia, there are a variety of other costs that you should keep in mind. For instance, if you have an automobile, it’s important to factor car insurance and registration fees into your budget.

The average cost for car insurance can range from $872.13 a year for men and $859.87 for women, depending on your provider and coverage. You also need to spend $4.308 per gallon on gasoline, which is slightly below the national average of $4.401 in March 2022.

If you’re a pet owner, you’ll also need to budget for food, toys, and veterinary care. On average, dog owners in Philadelphia spend between $35 and $150 per month on food. Meanwhile, the average cost of vet care is between $30 and $200 for a routine checkup. Additionally, you may want to consider pet insurance, which can insure your pet against accidents or illnesses with monthly premiums starting at just $20 to $25 per month.

To save on these costs, it’s important to compare shops and look for discounts whenever possible. For instance, you can often find cheaper car insurance rates by bundling your policy with other types of insurance, such as homeowners’ or renters’ insurance. You may also be able to get a discount on your premium if you have a clean driving record or take a defensive driving course.

Understanding The Job Market In Philadelphia

The job market in Philadelphia is booming, and there are plenty of opportunities for those willing to look for them. The city is home to several large businesses and organizations, and it has a long history of being a hub for commerce and industry. Philadelphia has also become a popular destination for start-ups and small businesses in recent years. As a result, the job market is extremely diverse, and there are opportunities for everyone from entry-level workers to experienced professionals. Education and health services in the greater Philadelphia area had the most employees and job opportunities.

The key to finding the right job in Philadelphia is understanding the different sectors of the economy and identifying which industries are growing. With a little research, it is possible to find an organization that is a perfect fit for your skills and experience. In addition, networking is always an important part of the job search process, and there are plenty of networking events and meetups that can help you connect with potential employers. The job market in Philadelphia is vibrant and full of opportunities so start your search today.


How Much Should You Earn To Live Comfortably Well In Philadelphia?

The only way to answer this question is by factoring in your own unique needs and expenses. However, to give you a better idea, the average salary needed to live well in Philadelphia is $85,000 annually or roughly $7,000 per month. To comfortably afford this lifestyle and cover all of your basic expenses and bills, you’ll need to make at least this much money.

Of course, your actual costs may be higher or lower than this, depending on your individual circumstances. For instance, if you have a large family or expensive hobbies, you’ll need to budget accordingly. Likewise, if you live alone or have a very low cost of living, you may be able to get by on less money.

No matter your situation, it’s important to create a budget and stick to it. You can ensure that you’re always living within your means and not spending more than you can afford.


Living in Philadelphia can be expensive, but it’s also a great city with plenty of opportunities. The job market is booming, and there are plenty of opportunities for those who are willing to look for them. The cost of living is high, but so is the average salary. If you’re looking for a city with good job prospects and a high standard of living, Philadelphia is a great choice.


1. How much money do you need to make to live comfortably in Philadelphia?

The average salary needed to live well in Philadelphia is $85,000 annually or roughly $7,000 per month. In order to comfortably afford this lifestyle and cover all of your basic expenses and bills, you’ll need to make at least this much money.

2. What is the job market like in Philadelphia?

The job market in Philadelphia is booming, and there are plenty of opportunities for those who are willing to look for them. In recent years, Philadelphia has also become a popular destination for start-ups and small businesses. And there are plenty of opportunities in education and health services in the greater Philadelphia area.


3. How expensive is it to live in Philadelphia?

The cost of living is high, but so is the average salary. If you’re looking for a city with good job prospects and a high standard of living, Philadelphia is a great choice.

4. How can I find a good job in Philadelphia?

The key to finding the right job in Philadelphia is to understand the different sectors of the economy and identify which industries are growing. You can also seek out networking events or meetups to help you connect with potential employers. By doing your research and keeping an open mind, it’s possible to find a great job in Philadelphia.

See Also: How to Get a Job in Another State Before Moving

5. How can I manage my budget in Philadelphia?

One of the best ways to manage your budget in Philadelphia is by creating a detailed, realistic spending plan. This will help you keep track of all your expenses and ensure that you’re always living within your means. You can also explore financial assistance options like student loans or grants if needed. When it comes to managing your budget in Philadelphia, the key is to be proactive and stay organized.​

Written by

Alex Sherr is the founder of My Long Distance Movers, a blog that provides moving information and resources for people who are relocating. He has more than two decades of experience in the moving and relocation industry, and he is passionate about helping people relocate smoothly and efficiently. When he's not writing or blogging, Alex enjoys spending time with his wife and two young children.