Cost of Living in Philadelphia, Pennsylvania
Philadelphia has a population of about 1,579,706. The median household income is $61,953, median gross rent is $1,397/month, and the median home value is $243,100. Below is how Philadelphia compares to the US.
Is Philadelphia expensive to live in?
Compared with the national median, rent in Philadelphia is 16% below the national median and home values are 35% below the national median. Household income here is 26% below the national median. Monthly rent represents roughly 27% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Philadelphia?
The median gross rent in Philadelphia, Pennsylvania is $1,397 per month (US Census ACS).
What is the median home price in Philadelphia?
The median home value in Philadelphia is $243,100.
How much do people earn in Philadelphia?
The median household income in Philadelphia is $61,953 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.