Cost of Living in Philadelphia, PA
Philadelphia has a cost of living index of 102 (100 = national average), making it close to the national average. The median household income is $52,649 and the median home price is $260,000.
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Philadelphia at a Glance
Population
1,550,542
Cost of Living Index
102
Median Income
$52,649
Median Home Price
$260,000
Property Tax Rate
1.34%
Sales Tax Rate
8.00%
Rent Index
105
State
Pennsylvania
Living in Philadelphia
Philadelphia has a cost of living slightly above the national average. While housing at $260,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Philadelphia is 8.00%, and the effective property tax rate is 1.34%. Property taxes are close to the national average.