Skip to main content
Limited Time: 10 Free Credits for new accounts. Offer ends soon.
Agent Lens Logo
Agent Lens
Agent Lens Editorial Team
Agent Lens Editorial Team·Real Estate Technology Experts

Quick Answer

7 min read

So, you're considering a move to the City of Brotherly Love? Welcome! Philadelphia offers a compelling blend of historical charm, vibrant arts, and a surprisingly affordable cost of living, especially compared to other East Coast metropolises. While the median home price is competitive — your budget stretches further here, allowing you to explore diverse neighborhoods from the cobblestone streets of Old City to the trendy vibes of Fishtown. The job market is robust, particularly in healthcare, education, and technology. Be prepared for four distinct seasons, with humid summers and snowy (though often unpredictable) winters. Get ready to embrace cheesesteaks, passionate sports fans, and a city that deeply values its history while constantly reinventing itself.

Key Takeaways

  • 1Cost of living index: 102 (US avg: 100)
  • 2Median home price: $265,000
  • 3Average 1BR rent: $1,500
  • 4Top neighborhoods: Fishtown, Rittenhouse Square, Manayunk
Summary: So, you're considering a move to the City of Brotherly Love? Welcome! Philadelphia offers a compelling blend of historical charm, vibrant arts, and a surprisingly affordable cost of living, especially compared to other East Coast metropolises. While the median home price is competitive — your budget stretches further here, allowing you to explore diverse neighborhoods from the cobblestone streets of Old City to the trendy vibes of Fishtown. The job market is robust, particularly in healthcare, education, and technology. Be prepared for four distinct seasons, with humid summers and snowy (though often unpredictable) winters. Get ready to embrace cheesesteaks, passionate sports fans, and a city that deeply values its history while constantly reinventing itself. Key points: Cost of living index: 102 (US avg: 100). Median home price: $265,000. Average 1BR rent: $1,500. Top neighborhoods: Fishtown, Rittenhouse Square, Manayunk

Insider Tips from Locals

Philly is a city of neighborhoods, each with its own distinct personality. Don't underestimate the importance of location! Public transit is decent, but commute times can vary wildly depending on your route. Get used to the 'Philadelphia Parking Authority' (PPA) – they're notoriously efficient. Learn the local lingo (jimmies, hoagies, wooder ice) and embrace the grittiness – it's part of the charm. Explore the hidden gems beyond the tourist traps, like the Magic Gardens or a Phillies game on a summer night. Most importantly, be prepared to defend your cheesesteak order: Wiz Wit or Wiz Witout?

Key Statistics

Philadelphia, PA — Key metrics for newcomers

102
Cost of Living
Source: BLS Cost of Living Index
$265,000
Median Home Price
$1,500
Avg Rent (1BR)
Statistics: Cost of Living: 102. Median Home Price: $265,000. Avg Rent (1BR): $1,500

Moving to Philadelphia, Pennsylvania

Everything you need to know about relocating to Philadelphia. From cost of living and neighborhoods to top employers and practical tips for a smooth move.

102
Cost of Living Index
US avg = 100
$1,500
Average 1BR Rent
$265,000
Median Home Price
Humid subtropical with hot humid summers, cold winters, and moderate snowfall
Climate

Top Employers in Philadelphia

Philadelphia's economy is anchored by major employers across diverse industries. Whether you are relocating for a specific job or exploring opportunities, these companies and institutions drive the local job market.

University of Pennsylvania
Comcast
Thomas Jefferson University
Children's Hospital of Philadelphia

Best Neighborhoods for Newcomers in Philadelphia

Fishtown

Popular with newcomers for its community feel, local amenities, and convenient access to Philadelphia's attractions.

Rittenhouse Square

Popular with newcomers for its community feel, local amenities, and convenient access to Philadelphia's attractions.

Manayunk

Popular with newcomers for its community feel, local amenities, and convenient access to Philadelphia's attractions.

Your Guide to Living in Philadelphia

So, you're considering a move to the City of Brotherly Love? Welcome! Philadelphia offers a compelling blend of historical charm, vibrant arts, and a surprisingly affordable cost of living, especially compared to other major East Coast metropolises. Many arrive expecting a gritty, industrial landscape, only to be greeted by tree-lined streets, meticulously preserved architecture, and a palpable sense of community pride. The pace is undeniably more relaxed than New York or Boston, allowing for a deeper connection with the city's rich history and culture. What truly endears people to Philadelphia is its genuine spirit – a down-to-earth attitude that permeates everything from the corner cheesesteak shop to the hallowed halls of Independence Hall. However, be prepared for the occasional bluntness; Philadelphians are not afraid to speak their minds. Adjusting to the parking situation and understanding the nuances of local sports allegiances also require some acclimation, but those are small prices to pay for the unique experience of living in this city.

Of course, choosing from the diverse tapestry of Philadelphia PA neighborhoods is paramount when moving to Philadelphia PA. Each offers a distinct flavor and caters to different lifestyles. Consider the cobblestone streets and Federal-style homes of Society Hill, a haven for history buffs and those seeking a tranquil residential atmosphere. In contrast, Fishtown pulses with youthful energy, boasting trendy restaurants, independent boutiques, and a thriving arts scene fueled by galleries like Pageant:Soloveev. For families, Chestnut Hill offers highly-rated schools and a charming small-town vibe, while Mount Airy provides a more diverse and community-oriented setting. If you're a foodie, Passyunk Square is your mecca, brimming with award-winning restaurants and Italian markets dating back generations. Understanding these subtle nuances is key to finding the perfect fit within the vast landscape of Philadelphia PA real estate.

Regarding getting around, mastering the art of navigating Philadelphia requires a multifaceted approach. While the SEPTA public transportation system, encompassing subways, trolleys, and buses, serves much of the city, it can be prone to delays and overcrowding, especially during peak hours. Biking is increasingly popular, with dedicated bike lanes sprouting across the city, but be mindful of the occasional pothole and aggressive driver. Parking, particularly in Center City and South Philly, is notoriously challenging and expensive, often requiring circling the block for what feels like an eternity. A typical commute from Manayunk to University City, for instance, can range from 30-45 minutes by train or car, depending on traffic. Factoring in commute reality is crucial when evaluating the cost of living Philadelphia PA and choosing a neighborhood.

Beyond the practicalities, Philadelphia's culture and lifestyle are what truly set it apart. The city's food scene is legendary, extending far beyond cheesesteaks to include innovative restaurants helmed by James Beard Award-winning chefs like Michael Solomonov. Art is everywhere, from the masterpieces at the Philadelphia Museum of Art (yes, the 'Rocky' steps) to the vibrant murals that adorn buildings throughout the city. Sports are a religion, with unwavering loyalty to the Phillies, Eagles, Sixers, and Flyers. To truly feel like a local, you need to embrace the passionate (and sometimes boisterous) sports culture and learn to navigate the unwritten rules of tailgating. Discovering hidden gems like the Magic Gardens, a whimsical mosaic wonderland on South Street, allows newcomers to tap into the city's unique artistic spirit and deepen their connection to the community.

For families considering moving to Philadelphia PA, the school district landscape is a major consideration. While the School District of Philadelphia faces its challenges, there are pockets of excellence, particularly in neighborhoods like Masterman School and Central High School. Moreover, numerous charter and private school options exist throughout the city. Childcare facilities are plentiful but can be competitive, so it's wise to begin your search early. For family-friendly activities, Fairmount Park, one of the largest urban parks in the world, offers endless opportunities for outdoor recreation. Healthcare access is excellent, with world-renowned hospitals like Penn Medicine and Jefferson Health located throughout the city. When choosing best places to live Philadelphia PA for families, prioritize safety, school quality, and proximity to amenities that support a family-centered lifestyle.

Finally, every city has its insider secrets, and Philadelphia is no exception. The best time to visit Reading Terminal Market is on a weekday morning to avoid the weekend crowds. Always have cash on hand when visiting neighborhood corner stores (often called 'bodegas'). Learn the proper pronunciation of 'Schuylkill' (it's 'Skookil'). Understand that 'jawn' can mean almost anything. And the one thing every newcomer should do in their first month? Attend a Phillies game at Citizens Bank Park. Even if you're not a baseball fan, the atmosphere is electric, and it's a quintessential Philadelphia experience that will help you feel like you belong. These little things help make settling in easier and helps new residents better understand the vibe of Philadelphia PA.

Housing Market Overview in Philadelphia

Market Snapshot

The median home price in Philadelphia is $265,000. Whether you are planning to rent first at around $1,500/month for a 1-bedroom or dive straight into buying, the Philadelphia market offers options across different neighborhoods and price points.

If you are selling your current home before relocating, professionally staged listings sell 30-50% faster and for up to 5% more. Virtual staging with Agent Lens costs just $0.10 per image and delivers photo-realistic results in seconds.

Cost of Living Breakdown in Philadelphia

102
2% above the US average
National cost of living index = 100

Philadelphia's cost of living is right around the national average, making it an accessible choice for most budgets. Housing, groceries, and utilities are all reasonably priced compared to major coastal cities. This affordability is a major draw for relocating families and remote workers.

Key Monthly Costs

1-Bedroom Apartment$1,500/mo
Median Home Price$265,000

Tips for Newcomers Moving to Philadelphia

1

Visit Before You Commit

Spend at least a long weekend in Philadelphia before signing a lease or buying. Explore different neighborhoods at different times of day. Check your potential commute during rush hour and visit local grocery stores to get a feel for daily life.

2

Rent Before You Buy

Consider renting for 6-12 months when you first arrive in Philadelphia. This gives you time to learn the neighborhoods, understand the local market (median price: $265,000), and make a more informed home purchase decision.

3

Research the Job Market

Philadelphia's top employers include University of Pennsylvania, Comcast, Thomas Jefferson University. Secure a job offer or have a remote work arrangement confirmed before relocating. Networking through LinkedIn and local professional groups can help you connect before you move.

4

Understand the Climate

Humid subtropical with hot humid summers, cold winters, and moderate snowfall. Make sure you are comfortable with the local weather patterns before committing. What looks great on a vacation visit may feel different after a full year of living there.

5

Budget for the Transition

Moving costs, security deposits, utility setups, and the gap between paychecks add up. With a cost of living index of 102, plan to have 3-6 months of expenses saved. The average 1BR rent of $1,500 is a good baseline for budgeting.

6

Connect with the Community Early

Join local Facebook groups, Nextdoor, or Reddit communities for Philadelphia before you move. These are invaluable for finding recommendations, learning about neighborhoods like Fishtown, and making connections in your new city.

Philadelphia Relocation Tips

1

Neighborhood Test Drive

Walk the neighborhood streets during the day, evening, and on a weekend. Notice the noise levels, the types of businesses open, and the general activity. Visit local parks and playgrounds to gauge the family-friendliness. If possible, talk to residents and ask them about their experiences living in the area. Drive the potential commute route to work during rush hour to get a realistic sense of the travel time.

2

Local Network Hack

Join a local Facebook group or Nextdoor community for your neighborhood. Attend community events like farmers' markets or neighborhood association meetings. Volunteer for a local cause or organization. Strike up conversations with people at your local coffee shop or dog park. Philadelphians are generally friendly and welcoming, so don't be afraid to put yourself out there and connect with others.

3

Commute Reality Check

Don't solely rely on online mapping apps for commute times. Speak to people who actually make the commute you're considering. Test the commute yourself multiple times, at different times of day, to get a realistic picture. Investigate alternative transportation options like biking or taking regional rail. Be prepared for unexpected delays and traffic congestion, especially during inclement weather.

4

Hidden Cost Alert

Factor in city wage tax, which applies to anyone working in Philadelphia, even if they live outside the city. Be aware of potential parking permit fees if you own a car. Budget for seasonal expenses like snow removal and air conditioning. Utility costs can be higher than in other regions, particularly in older homes. Consider the cost of SEPTA passes or tolls if you plan to commute regularly.

5

First Month Must-Do

Visit a local historical landmark, like Independence Hall or the Liberty Bell, to immerse yourself in the city's rich history. Explore a different neighborhood each weekend, sampling the local cuisine and soaking up the atmosphere. Attend a First Friday event in Old City to experience the vibrant art scene. Get your SEPTA Key card. This helps you access the various transportation offerings in the city.

Frequently Asked Questions About Moving to Philadelphia

Is Philadelphia a good place to live?

Yes, Philadelphia, Pennsylvania is a great place to live for many people. The city offers University of Pennsylvania, Comcast, Thomas Jefferson University among its top employers, providing strong job opportunities. With a cost of living index of 102 (US average is 100) and neighborhoods like Fishtown and Rittenhouse Square, there are options for different budgets and lifestyles. The climate features humid subtropical with hot humid summers, cold winters, and moderate snowfall, which appeals to many newcomers.

What is the cost of living in Philadelphia?

The cost of living in Philadelphia has an index of 102, which is 2% above the US average of 100. Average rent for a 1-bedroom apartment is $1,500 per month, and the median home price is $265,000. Housing is typically the largest expense factor. Use our mortgage calculator and closing cost calculator to estimate your monthly payments if you are considering buying.

What are the best neighborhoods in Philadelphia?

The best neighborhoods in Philadelphia for newcomers include Fishtown, Rittenhouse Square, Manayunk. These areas are popular with new residents for their walkability, amenities, and community feel. The right neighborhood depends on your priorities — commute, schools, walkability, and budget.

How much does a house cost in Philadelphia?

The median home price in Philadelphia, Pennsylvania is $265,000. Prices vary significantly by neighborhood — for example, Fishtown and Manayunk may have different price points. If you are renting first, expect to pay around $1,500 per month for a 1-bedroom apartment. When you are ready to buy, virtual staging can help you sell your current home faster and for a higher price.

More Philadelphia Resources

Selling Your Current Home? Stage It First

Sell your home faster before relocating to Philadelphia — AI virtual staging from $0.10/image

Before
Before: original empty room
After
After: AI virtually staged room

Related Moving Guides

Explore relocation guides for other popular cities across the US.