Cost of Living in Philadelphia, PA
Population: 1,582,432 • 2026 Data
$60,698
Median Household Income
-22% vs national
$1,323
Median Monthly Rent
-2% vs national
$232,400
Median Home Value
-31% vs national
8.4%
Unemployment Rate
Housing in Philadelphia
The median home value in Philadelphia, PA is $232,400. Monthly rent for a typical unit averages $1,323, while total monthly housing costs (including utilities and insurance) average $1,233.
Rent-to-income ratio: 26.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Philadelphia, PA is $60,698. The unemployment rate stands at 8.4%, with a labor force of 810,038 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.