Cost of Living in Philadelphia, PA
Updated November 2026 · Philadelphia County · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area · population 1,579,706
Prices in Philadelphia are 1.5% above the US average (local index 101.5; the BEA index for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area is 102.6), with utilities the biggest cost driver at 114.4; a single adult's modelled budget is about $2,782 a month and the median rent is $1,397.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Philadelphia's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area, unchanged.
Philadelphia price index by category, US average = 100: All items 101.5, Housing (rents) 106.3, Goods 96.8, Utilities 114.4, Other services 103.1
It is the 2nd most expensive of the 10 Pennsylvania cities in our data. Cheaper than 53% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 103.7 | 102.3 | 99.0 | 100.7 | 102.4 | 102.6 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Philadelphia, PA
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,042 | $12,504 | 37% |
| Utilities | $301 | $3,612 | 11% |
| Food at home | $273 | $3,276 | 10% |
| Transportation | $639 | $7,668 | 23% |
| Health care | $362 | $4,344 | 13% |
| Clothing, personal care & supplies | $165 | $1,980 | 6% |
| Total | $2,782 | $33,384 | 100% |
2 adults · 2-bedroom · modelled estimate for Philadelphia, PA
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,234 | $14,808 | 28% |
| Utilities | $478 | $5,736 | 11% |
| Food at home | $504 | $6,048 | 11% |
| Transportation | $1,265 | $15,180 | 28% |
| Health care | $671 | $8,052 | 15% |
| Clothing, personal care & supplies | $325 | $3,900 | 7% |
| Total | $4,477 | $53,724 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Philadelphia, PA
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,252 | $15,024 | 24% |
| Utilities | $582 | $6,984 | 11% |
| Food at home | $719 | $8,628 | 14% |
| Transportation | $1,682 | $20,184 | 32% |
| Health care | $626 | $7,512 | 12% |
| Clothing, personal care & supplies | $418 | $5,016 | 8% |
| Total | $5,279 | $63,348 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Philadelphia
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $1,186 |
| 1 bedroom | $1,242 |
| 2 bedrooms | $1,471 |
| 3 bedrooms | $1,492 |
| 4 bedrooms | $1,687 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,397 |
| Median contract rent (excl. utilities) | $1,172 |
| Median home value | $243,100 |
| Owner costs with a mortgage | $1,620/mo |
| Median household income | $61,953 |
| Rent as % of renter income Expensive | 31.4% |
| Home value ÷ household income Affordable | 3.9× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Pennsylvania
21.77¢ per kWh, August 2026
12-month change: +9.2% (from 19.93¢) · US 18.16¢
Average household uses 837 kWh a month in Pennsylvania ≈ $175/month. Source: EIA-861M (statewide average).
Regular gasoline regional figure: Central Atlantic (PADD 1B)
$4.23 per gallon, week of 2026-11-02
12-month change: +38.3% (from $3.06) · US $4.15
EIA weekly retail price survey; Pennsylvania is covered by the Central Atlantic (PADD 1B) average.
Inflation in the Northeast
Consumer prices in the Northeast Census region rose +4.2% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Philadelphia are 1.5% above the US average, $60,000 here has the buying power of about $59,100 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 101.5. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Nearby cities
| City | Distance | Index | Budget (single) | Median rent |
|---|---|---|---|---|
| Camden, NJ | 5 mi | 99.1 | $2,470 | $1,226 |
| Levittown, PA | 18 mi | 103.7 | $3,105 | $1,556 |
| Trenton, NJ | 25 mi | 99.3 | $2,553 | $1,294 |
| Wilmington, DE | 28 mi | 99.1 | $2,607 | $1,224 |
| Vineland, NJ | 38 mi | 95.5 | $2,537 | $1,233 |
| Allentown, PA | 44 mi | 99.5 | $2,691 | $1,317 |
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Fort Collins, CO | 101.5 | $3,006 | $1,690 |
| Vail, CO | 101.5 | $2,990 | $1,606 |
| Smyrna, GA | 101.6 | $3,075 | $1,739 |
| Medford, OR | 101.6 | $2,692 | $1,376 |
| Cranston, RI | 101.6 | $2,743 | $1,375 |
| Port Charlotte, FL | 101.6 | $2,549 | $1,553 |
Compare Philadelphia with another city
- Philadelphia vs New York, NY: full comparison
- Philadelphia vs Washington, DC: full comparison
- Philadelphia vs Boston, MA: full comparison
- Philadelphia vs Detroit, MI: full comparison
- Philadelphia vs Baltimore, MD: full comparison
- Philadelphia vs Camden, NJ in the calculator
- Philadelphia vs Levittown, PA in the calculator
- Philadelphia vs Trenton, NJ in the calculator
- Philadelphia vs Wilmington, DE in the calculator
- Philadelphia vs the Pennsylvania average (97.6)
Frequently asked questions
Is Philadelphia, PA an expensive place to live?
Philadelphia has a local cost of living index of 101.5, which is 1.5% above the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area (102.6) and adjusts housing to Philadelphia's own rents. It is 4.0 points above the Pennsylvania average. It is the 2nd most expensive of the 10 Pennsylvania cities in our data. Cheaper than 53% of the cities we cover.
How much money do you need to live in Philadelphia?
Our modelled estimate of basic monthly costs is $2,782 for a single adult, $4,477 for a couple and $5,279 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $60,900 in Philadelphia.
What is the average rent in Philadelphia?
The median gross rent (rent plus tenant-paid utilities) is $1,397 a month (Census ACS 2020-2024). By size: 1 bedroom $1,242, 2 bedrooms $1,471, 3 bedrooms $1,492. The typical renter spends 31.4% of household income on rent (expensive).
How much does a house cost in Philadelphia?
The median owner-estimated home value is $243,100, 3.9 times the median household income of $61,953 (affordable). Owners with a mortgage pay a median $1,620 a month in housing costs.
How much is electricity and gas in Philadelphia?
Pennsylvania residential electricity averaged 21.77¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $4.23 a gallon (Central Atlantic (PADD 1B) average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan statistical area (BEA index 102.6) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 4260000 (Philadelphia city).
- Electricity: EIA-861M, Pennsylvania residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Central Atlantic (PADD 1B), week of 2026-11-02.
- Inflation: BLS CPI-U Northeast region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
- Gasoline price: regional figure (EIA publishes weekly prices for only 9 states).
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources