Philadelphia, Pennsylvania is a big city with a population of 1,559,938 people. With a population density of 11,626 people per square mile, Philadelphia is well above the nation's average density level. Individuals of White (41%) and Black or African American (43%) backgrounds make up a significant portion of the population of the city.
Living in Philadelphia can be a fulfilling experience for anyone moving to the area. Having said that, in the state of Pennsylvania, there are many amazing places to live, so choose wisely! With useful information like amenities, crime, cost of living, weather and other key data points, finding the best places to live in Philadelphia and in the areas around Philadelphia is a much easier task.
The livability score in Philadelphia is 59/100 and the city is ranked in the 15th percentile of all cities across America. Compared to the national average, this city has a score which ranks among the lowest in the nation, and it is not considered a very livable city. There are seven total categories that form the livability score. Philadelphia ranks well for amenities (A+). Philadelphia does not rank well for the following: crime (F), education (F) and employment (F). It might be a good idea to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Philadelphia, there is no shortage of amazing local amenities and interesting things to do. Some of the interesting things to do and attractions include: Philadelphia Museum of Art, City Food Tours Philadelphia, and Independence Hall.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Philadelphia is real estate affordability. The median home price for Philadelphia homes is $147,300, which is 12.2% lower than the Pennsylvania average. If we take a closer look at the affordability of homes in Philadelphia, we’ll see that the home price to income ratio is 3.7, which is 19.4% higher than the Pennsylvania average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Philadelphia area were 11% and 5 year appreciation rates were 8.3%.