How Much Money Do You Need to Live Comfortably in Philadelphia?

To live comfortably in Philadelphia, a family of four people needs to earn a combined $85,000 a year. Living “comfortably” is different for everyone, but this salary was determined by the necessities that a family this size would need to get by, including utilities, housing, groceries, transportation, and health insurance. This finding by GoBankingRates also applied the 50-20-30 rule to the study. This rule means that an individual saves 50% of their income for essentials, 20% for savings, and 30% for personal spending.

No matter what living “comfortably” means to you, if you‘re looking to move to the city of brotherly love, The Mike McCann Team is here to provide you with the guidance you need to get started. Let’s take a look at a typical breakdown of necessary expenses in Philadelphia.


The category of utilities covers various essentials such as heating, air conditioning, electricity, water, cable tv, internet, even laundry needs and more. In Philly, the average monthly utility for a family is around $350 – $400.


A GoBankingRates study determined the cost to live comfortably in Philadelphia based off a family of four living in a purchased home. The average housing cost for a family this size is about $1,000 a month.


Compared to the national average of grocery costs, Philadelphia’s grocery costs are 16% higher. Eating habits differ from person to person, but the average cost of groceries for a family of four in the US is around $750 a month.


The cost of transportation in Philly isn’t drastically higher than the national average. Additionally, these costs can be lessened if you stick to public transportation instead of personally driving everywhere.

Health Care

The costs of health insurance vary on the type of plan you have, but the average healthcare expenses in Philadelphia are about six percent higher than the national average. This was calculated using instances of a doctor’s visit, a dentist appointment, optometrist visit, and prescriptions, if needed.

In terms of necessities and ease of living in Philadelphia, a family of four would need to earn a combined salary of about $85,000 to live comfortably. There are many realty opportunities to take advantage of if you are looking to move to Philadelphia.

The Mike McCann Team is happy to provide their real estate knowledge to your search for a new home. In fact, there are various homes for sale in the Graduate Hospital area, perfect for someone just starting in the city. If you’d like to learn more information about the homes for sale in the 19146 area code or other living opportunities, The Mike McCann Team encourages you to reach out today.

Moving? Know the value of your home …