Statistics About The Average Cost Of Living In Philadelphia

In this post, we will explore the average cost of living in Philadelphia, based on various statistics ranging from monthly expenses like internet bills and dining out to larger financial commitments such as housing and healthcare. Understanding these figures can provide insight into the overall expenses one might expect in the vibrant city of Philadelphia.

Statistic 1

"The average monthly internet bill (60 Mbps or more) is about $55."

Statistic 2

"The average meal at a mid-range restaurant for two people costs about $60."

Statistic 3

"Gym membership in Philadelphia averages around $40 per month."

Statistic 4

"The price per square foot to purchase an apartment in the city center of Philadelphia is about $350-$450."

Statistic 5

"The average monthly utilities cost (electricity, heating, cooling, water, and garbage) for a 915-square-foot apartment is about $150."

Statistic 6

"The cost of living for a family of four is approximately $3,800 per month excluding rent."

Statistic 7

"Average monthly salary after tax is approximately $3,000."

Statistic 8

"Average rent for a one-bedroom apartment in Philadelphia city center is approximately $1,600 per month."

Statistic 9

"The cost of a bottle of mid-range wine is about $10."

Statistic 10

"The cost of dining out at an inexpensive restaurant averages about $15 per meal."

Statistic 11

"The average cost of groceries in Philadelphia is around 2% higher than the national average."

Statistic 12

"The median home price in Philadelphia is around $250,000."

Statistic 13

"The average cost of living index in Philadelphia is approximately 101, which is 1% higher than the national average."

Statistic 14

"The average cost of transportation, including monthly public transit passes, is approximately $96."

Statistic 15

"A visit to a primary care physician costs on average $120 without insurance."

Statistic 16

"The average cost of living for a single person in Philadelphia is approximately $1,000 per month excluding rent."

Statistic 17

"The average cost of a loaf of bread is $2.80."

Statistic 18

"The average price of a gallon of milk in Philadelphia is $3.50."

Statistic 19

"The cost of a cinema ticket to an international release is roughly $13."

Statistic 20

"Childcare costs for preschool or kindergarten per month are around $1,000."

In conclusion, the average cost of living in Philadelphia presents a mixed picture, with some expenses like internet, dining out, and groceries aligning closely with national averages, while others such as housing costs exceeding the norm. Monthly utility costs, gym memberships, and healthcare expenses are relatively moderate, adding to the overall affordability for residents. However, the high prices of apartment purchases and rental rates, as well as childcare expenses, may require careful budgeting for individuals and families looking to settle in the city. Considering the balance between income levels and living costs is essential for making informed financial decisions in Philadelphia.