Philadelphia, PA at a glance
Median household income
$61,953$5,163 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Philadelphia, PA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Philadelphia, PA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,397 | $16,764 | $55,880 | 27.1% |
| 1-Bedroom Apartment | $1,520 | $18,240 | $60,800 | 29.4% |
| 2-Bedroom ApartmentBenchmark | $1,810 | $21,720 | $72,400 | 35.1% |
| 3-Bedroom Home | $2,170 | $26,040 | $86,800 | 42% |
| 4-Bedroom Home | $2,423 | $29,076 | $96,920 | 46.9% |
What a typical income covers in Philadelphia, PA
The 50/30/20 rule applied to the local median of $61,953 a year ($5,163 a month before tax).
What $61,953 leaves after Pennsylvania taxes
Federal income tax, Social Security, Medicare and Pennsylvania tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Pennsylvania
Living in Philadelphia, PA: common questions
What is the median household income in Philadelphia, PA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Philadelphia, PA is $61,953 per year (approximately $5,163 per month).
What is the average rent in Philadelphia, PA?
The closest official figure is HUD's Fair Market Rent for 2026: $1,397 for a studio, $1,520 for one bedroom, $1,810 for two, $2,170 for three and $2,423 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Philadelphia, PA expensive to live in?
Prices there run 2.6% above the U.S. average. BEA's regional price parity for the metro area is 102.6, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Philadelphia, PA?
To keep a $1,810 two-bedroom under 30% of gross income, a household needs about $72,400 a year, or $6,033 a month. That is 117% of what the typical household in Philadelphia, PA earns.
How much do you need to live comfortably in Philadelphia, PA?
On the local median income of $61,953 ($5,163 a month before tax), the 50/30/20 rule leaves $2,581 a month for needs like rent, utilities and groceries, $1,549 for everything else and $1,033 for savings or debt. A two-bedroom at $1,810 takes 70% of the needs share.
How much is the electric bill in Philadelphia, PA?
Homes in Pennsylvania paid 21.7¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $196. Your bill depends mostly on heating and cooling.