How Expensive Is Philadelphia Compared To New York?

Overview

Is it cheaper to live in Philadelphia or New York?

You would need around 5,801.33$ in Philadelphia, PA to maintain the same standard of life that you can have with 9,100.00$ in New York, NY (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living. This assumes net earnings (after income tax).

Is Philadelphia more expensive than New York?

The cost of living in New York City is 51% more expensive than in Philadelphia. Cities ranked 2nd and 215th ($3563 vs $2361) in the list of the most expensive cities in the world and ranked 1st and 166th in the United States.

Is it cheaper to live in Pennsylvania or New York?

Yes, Philadelphia is about 40% cheaper compared to New York City.

Is Philadelphia an expensive city to live in?

Philadelphia’s housing expenses are 11% higher than the national average and the utility prices are 10% higher than the national average. Transportation expenses like bus fares and gas prices are 13% higher than the national average. Philadelphia has grocery prices that are 17% higher than the national average.

Is moving to Philly worth it?

It’s a top-tier U.S. city known for its range of cultural, historical and recreational attractions – especially among East coast cities. Living in Philadelphia means having access to all the conveniences of a metropolitan city including public transportation, and all the charm of a small town.

What is a livable salary in Philadelphia?

Living Wage Calculation for Philadelphia County, Pennsylvania

Is NYC or Philly safer?

The crime rate for violent crimes in Philadelphia is 9.82 per 1,000 residents. The crime rate for violent crimes in New York is 5.80 per 1,000 residents. This indicates that you’re more likely to be a victim of a violent crime in Philadelphia than you are in New York City.

Is it cheaper to live in PA and work in NY?

The cost of living in Philadelphia, PA is -37.0% lower than in New York, NY.

Why is Philly so affordable?

According to Realtor.com®, Philadelphia is the third trendiest and most affordable city in the country, thanks to a plethora of social activities, such as breweries, yoga studios and independent cinemas, as well as affordable homes, making it an opportunity for first-time buyers to participate in.

Which city is more expensive than New York?

New York City’s Manhattan borough is the most costly place to live, followed by Honolulu and San Francisco. Oakland, Calif., rounds out the top 10 list of most expensive cities in the U.S. There are a number of factors that contribute to the high cost of living in major cities, including housing and taxes.

Can I live in PA and work in NY?

You will probably need to pay taxes in NY and take a credit on your PA state tax return. Can you work in New York and reside in PA? You can.

What salary do you need to live in Pennsylvania?

Typical Expenses

What is a high salary in Philadelphia?

As of Nov 5, 2022, the average annual pay for the Highest jobs category in Philadelphia is $102,678 a year.

Is 100k a good salary in Philadelphia?

Philadelphia scores much better than its eastern U.S. rivals – Boston, New York, Washington, Atlanta and Baltimore. If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. And if you live in Greater Philadelphia, that money goes a long way – longer than any of our eastern U.S. rivals.

Is rent in Philadelphia expensive?

Philadelphia is still more affordable than most similar cities across the country. Philadelphia’s median two-bedroom rent of $1,311 is slightly below the national average of $1,348. Nationwide, rents have grown by 5.7% over the past year compared to the 3.8% increase in Philadelphia.

Is Philadelphia a stressful city?

Philadelphia ranked at number 5 out of 182 cities, making it one of the most stressed in the country. Although Philadelphia’s family stress ranked high at a score of 46 and health and safety stress ranked at 39, financial and work stress in the city ranked tremendously low.

Why do people move to Philly?

Moving to Philly? With affordable housing, job opportunities in the healthcare and education industries, incredible arts and culture, and highly-rated universities, The City of Brotherly Love has become a top destination for people who want to live on the East Coast.

Is it better to rent or buy in Philadelphia?

In Philadelphia, it’s more affordable to buy a home than rent. But in its surrounding counties, the answer to whether you can save more by renting or buying wavers. It’s generally more affordable to rent in the suburban counties.

What is middle class in Philadelphia?

For the purposes of this report, adult Philadelphians are considered middle class if they are part of a household with an income between 67 and 200 percent of regional median household income. Since the median income was $61,579 in 2010, the range for that year was $41,258 to $123,157.

Where should I live if I work in Philadelphia?

• GUIDE TO THE BEST PHILADELPHIA NEIGHBORHOODS.
• UPSCALE PHILLY.
• CHESTNUT HILL (Northwest Philadelphia)
• MAIN LINE (Northwest Philadelphia suburbs)
• RITTENHOUSE SQUARE (Center City)
• FOR YOUNG PROFESSIONALS, CREATIVES AND STUDENTS.
• CONSHOHOCKEN (Montgomery County suburb)
• FISHTOWN (North Philadelphia)