2026 cost of living data for Philadelphia. Overall cost index: 112 (national avg = 100).
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Philadelphia is above the national average in terms of cost, with an overall cost of living index of 112. This means living in Philadelphia is approximately 12% more expensive than the national average.
Housing costs are notably higher than the national average, which is a significant factor in the overall cost of living. The housing index for Philadelphia is 112, which means housing costs are 12% above the national average. This includes both rental prices and home purchase costs in the metropolitan area.
The median household income in Philadelphia is $49,127, with a population of approximately 1,603,797. The median household income is below the national average, which can make the cost of living feel more impactful for many residents.
The job market in Philadelphia is solid, with steady growth in several key sectors and reasonable unemployment rates.
Beyond housing, daily expenses in Philadelphia are above the national average. Groceries and dining carry an index of 108, while transportation costs sit at 112. Healthcare expenses index at 107, and utilities come in at 110.
Taxes in Philadelphia are above average at 118, which factors into the overall cost of living. State income taxes and local levies contribute to the higher burden.
The weather in Philadelphia is typical for its region, with distinct seasons and moderate conditions for most of the year.
Like many major cities, Philadelphia faces some safety challenges, though many neighborhoods remain safe and vibrant communities.
Philadelphia may be expensive, but many residents find the higher costs justified by the career opportunities, cultural amenities, and lifestyle the city offers. With a good job market and fair weather, Philadelphia continues to attract new residents drawn by the favorable cost of living.
