Cost of Living in Philadelphia, United States

Philadelphia, the 'City of Brotherly Love,' remains one of the most affordable major metropolitan areas in the Northeast United States. While it sits strategically between New York City and Washington D.C., it offers a significantly lower cost of entry for housing and services. Known for its 'Eds and Meds' economy—driven by world-class universities and healthcare systems—Philadelphia provides a high standard of living for professionals and students alike, blending deep colonial history with a grit and charm unique to the region.

Rent & Housing Prices in Philadelphia

1bed center$1,925.00
3bed outside$2,400.00
1bed outside$1,480.00
3bed center$3,550.00

Food & Dining Expenses

Meal, Inexpensive Restaurant$20.00
Three-course Meal for 2, Mid-range$85.00
McMeal at McDonalds$10.50
Domestic Beer (0.5 liter draught)$6.00
Cappuccino (regular)$5.15
Milk (1 liter)$1.12
Loaf of Fresh White Bread$3.75

Transportation and Public Transit

gasoline 1 liter$0.94
monthly pass$96.00
one way ticket$2.50
taxi start$3.50

Salary, Wages & Financing

mortgage rate6.85%
avg salary$4,850.00

Quality of Life in Philadelphia

Philadelphia offers an excellent quality of life for those who value culture, walkability, and history. The city's healthcare facilities, such as the University of Pennsylvania Health System, are top-tier globally. While safety is a localized concern that varies significantly by neighborhood, the central business districts and historic areas are highly vibrant. The city boasts one of the largest urban park systems in the country (Fairmount Park) and a food scene that rivals larger coastal cities at a fraction of the cost.

3 Days in Philadelphia: A Budget Itinerary

Day 1

Focus on History: Visit the Liberty Bell and Independence Hall (free, reservation required). Walk through Elfreth's Alley, the nation's oldest residential street. End the day with a budget-friendly cheesesteak at a local shop in South Philly.

Day 2

Culture and Markets: Spend the morning at Reading Terminal Market for a diverse and affordable lunch. Walk the Benjamin Franklin Parkway to the Philadelphia Museum of Art (view the Rocky Steps). Explore the eclectic shops on South Street.

Day 3

Modern Philly: Visit the University City area to see the Penn Museum or the ICA. Relax at Rittenhouse Square for people-watching, and walk the Schuylkill Banks Boardwalk for a free sunset view of the skyline.

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