Philadelphia, PA vs St. Paul, MN

Housing Costs and Affordability

A common benchmark is spending no more than 30% of gross income on housing. In Philadelphia, PA, renters allocate roughly 26.2% of median household income to rent (within that threshold). In St. Paul, MN, the figure is 20.5% , making St. Paul, MN the easier city for renters on a budget.

For prospective homebuyers, the price-to-income ratio tells you how many years of gross income it takes to match the median home price. In Philadelphia, PA, that ratio is 3.8x. Homes cost 3.8 times the median annual income. In St. Paul, MN, it's 3.8x. Both cities are comparable for aspiring homeowners.

Monthly housing costs (rent plus utilities) average $1,233 in Philadelphia and $1,390 in St. Paul. These figures include renters paying utilities separately from rent.

Income and Labor Market

Median household income in Philadelphia, PA is $60,698; in St. Paul, MN it is $73,055. That's a $12,357 gap, but income alone doesn't tell the full story without accounting for local costs.

Unemployment stands at 8.4% in Philadelphia and 4.9% in St. Paul. Labor force participation (the share of the population working or actively job-seeking) is 51.2% in Philadelphia versus 55.7% in St. Paul.

Population

Philadelphia, PA has a population of 1,582,432, making it the larger of the two cities. St. Paul, MN has 307,762 residents. City size affects everything from transit options and job market depth to cost pressures. Larger metros typically see higher housing demand.