Moving from Philadelphia, PA to New York, NY
If you rent
$61,000 → $67,300
You'd need about $6,300 more a year in New York for the same standard of living.
If you buy
$61,000 → $101,900
Home prices are 223% higher in New York.
| Measure | Philadelphia | New York |
|---|---|---|
| Median rent | $1,323 / mo | $1,779 / mo |
| Median home value | $232,400 | $751,700 |
| Median household income | $60,698 | $79,713 |
| Median rent as a share of your $61,000 salary | 26% | 35% |
How this is estimated
Rent in New York is 34% higher than in Philadelphia. We assume 30% of your income goes on housing and scale that share by the price difference. Taxes, groceries, transport and other costs are assumed equal, so state income tax or a long commute could move the real number. Housing figures are Census medians, not what a particular home costs.
Reverse: New York, NY to Philadelphia, PA Compare the two cities side by side About New York
Data: U.S. Census Bureau ACS