Side-by-side cost of living comparison for 2026
Median Income: $74,694
Population: 8,336,817
Median Income: $49,127
Population: 1,603,797
When comparing New York City and Philadelphia, the overall cost of living differs by 40.1%. New York City carries a cost index of 187 compared to Philadelphia's 112, meaning your dollar stretches 40% further in Philadelphia.
Housing is where the most significant gap appears between these two cities. Philadelphia has a housing index of 112 compared to New York City's 238. This 126-point difference translates to substantial monthly savings on rent or mortgage payments in Philadelphia.
Philadelphia is more affordable across all categories.
Philadelphia is more affordable for: Housing, Food & Groceries, Transportation, Healthcare, Utilities, Entertainment, Taxes.
If you earn $60,000 in New York City, you would need $35,936 in Philadelphia to maintain the same standard of living. For a $100,000 salary, the equivalent would be $59,893.
The median household income in New York City is $74,694 compared to $49,127 in Philadelphia. While New York City has higher incomes, the higher cost of living may offset this advantage.
Safety: New York City scores 5/10 while Philadelphia scores 4/10 in our safety assessment.
Weather: Both cities score similarly for weather at 5/10.
Job Market: New York City's job market (9/10) is stronger than Philadelphia's (6/10).
Philadelphia is the more affordable option overall, but cost is just one factor in deciding where to live. Consider your career opportunities, family needs, and lifestyle preferences alongside the financial comparison. New York City may justify its higher costs with a thriving job market that many residents find worthwhile.
