Cost of Living in Philadelphia, PA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.1
100 = national avg
+11.1 vs national average
Living Wage (1 Adult)
$48,904
per year
Living Wage (Family of 4)
$115,592
per year
Cost Index by Category
Housing132.0
Food96.4
Transportation109.5
Healthcare97.1
Utilities104.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,520
per month
2 Bedroom
$1,810
per month
The overall cost of living index in Philadelphia is 111.1, which is 11.1% above the national average. Housing costs are above the national average at an index of 132.0. A single adult needs to earn approximately $48,904 per year to cover basic expenses.