Savings rate in Philadelphia — are you on track?
Philadelphia is a high cost city. Philadelphia median rent is around $1,700/month, making it one of the more affordable major north-east cities. Philadelphia earners at mid-income levels benefit from lower housing costs than nearby New York or Boston.
Median rent
$1,700/mo
Philadelphia 2023
Typical other costs
$1,700/mo
excl. housing
Savings benchmark
7–20%
mid-income USD
Pre-set for Philadelphia — adjust to your situation
What a good savings rate looks like in Philadelphia
Using data from BLS Consumer Expenditure Survey 2023, people at mid-range incomes in United States typically save between 7–20% of gross income. In a high cost city like Philadelphia, housing costs can compress that meaningfully — especially for renters.
Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.
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