Pennsylvania · Population 1,582,432 · Updated March 2026
How far your income goes in Philadelphia
State-level tax rates that affect your costs
Philadelphia offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Philadelphia residents can expect to pay median rent of $1,323/month while earning a median household income of $60,698/year.
The median home value in Philadelphia, PA is $232,400, with typical monthly owner costs around $1,233 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.2%, Philadelphia falls within the generally affordable range, though it's approaching the 30% burden threshold.
Pennsylvania has a moderate income tax rate of 3.07%. Combined with a 6.0% sales tax rate and 1.49% effective property tax rate, the overall tax environment is a factor in the total cost of living in Philadelphia.
Common questions about living costs in Philadelphia
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