New York, NY vs Philadelphia, PA: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Philadelphia, PA is 8.9% less expensive than New York, NY (BEA, 2024).
- To keep the same standard of living, $75,000 in New York works out to about $68,300 in Philadelphia, before taxes.
- Most of the difference is housing, which costs 23.9% less in Philadelphia. Goods are 12.2% lower and other services 2.6% lower.
- Typical asking rent is $1,903 a month in Philadelphia and $3,546 in New York, $19,716 a year less in Philadelphia (Zillow, September 2026).
- A typical home is valued at about $386,000 in Philadelphia and $731,000 in New York.
- The gap is about where it was in 2019 (9.8%).
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Housing drives the gap: 23.9% lower in Philadelphia than in New York
Price level by category, 2024. US average = 100.
- New York, NY
- Philadelphia, PA
All items New York, NY: 112.6 Philadelphia, PA: 102.6
Goods New York, NY: 110.3 Philadelphia, PA: 96.8
Housing (rents) New York, NY: 148.6 Philadelphia, PA: 113.1
Utilities New York, NY: 127.0 Philadelphia, PA: 114.4
Other services New York, NY: 105.8 Philadelphia, PA: 103.1
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Philadelphia, PA | |
|---|---|---|
| All items | 112.6 | 102.6 |
| Goods | 110.3 | 96.8 |
| Housing (rents) | 148.6 | 113.1 |
| Utilities | 127.0 | 114.4 |
| Other services | 105.8 | 103.1 |
| Category | New York | Philadelphia | Philadelphia vs New York |
|---|---|---|---|
| All items | 112.6 | 102.6 | −8.9% |
| Goods | 110.3 | 96.8 | −12.2% |
| Housing (rents) | 148.6 | 113.1 | −23.9% |
| Utilities | 127.0 | 114.4 | −9.9% |
| Other services | 105.8 | 103.1 | −2.6% |
| Typical asking rent | $3,546 | $1,903 | −46.3% |
| Typical home value | $731,000 | $386,000 | −47.2% |
| Salary to match $75,000 in New York | $75,000 | $68,300 | −8.9% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between New York and Philadelphia has widened since 2008: 7.1 points then, 10.0 now
Overall price level each year, 2008–2024. US average = 100.
- New York, NY
- Philadelphia, PA
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Philadelphia, PA | |
|---|---|---|
| 2008 | 113.5 | 106.4 |
| 2009 | 114.8 | 107.6 |
| 2010 | 113.2 | 106.3 |
| 2011 | 114.6 | 105.3 |
| 2012 | 113.8 | 103.9 |
| 2013 | 113.3 | 101.8 |
| 2014 | 113.2 | 102.4 |
| 2015 | 113.3 | 102.2 |
| 2016 | 113.7 | 102.5 |
| 2017 | 113.6 | 104.0 |
| 2018 | 114.5 | 103.2 |
| 2019 | 114.9 | 103.7 |
| 2020 | 115.6 | 102.3 |
| 2021 | 114.8 | 99.0 |
| 2022 | 113.0 | 100.7 |
| 2023 | 112.6 | 102.4 |
| 2024 | 112.6 | 102.6 |
Goods
- New York, NY
- Philadelphia, PA
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Philadelphia, PA | |
|---|---|---|
| 2008 | 110.8 | 108.5 |
| 2009 | 109.1 | 107.4 |
| 2010 | 107.2 | 104.1 |
| 2011 | 107.9 | 106.3 |
| 2012 | 110.3 | 103.0 |
| 2013 | 109.7 | 98.6 |
| 2014 | 108.9 | 97.7 |
| 2015 | 109.4 | 100.6 |
| 2016 | 109.0 | 102.6 |
| 2017 | 108.7 | 99.2 |
| 2018 | 109.4 | 98.4 |
| 2019 | 108.2 | 96.6 |
| 2020 | 108.6 | 94.6 |
| 2021 | 104.3 | 94.3 |
| 2022 | 107.8 | 95.2 |
| 2023 | 108.3 | 98.2 |
| 2024 | 110.3 | 96.8 |
Housing (rents)
- New York, NY
- Philadelphia, PA
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Philadelphia, PA | |
|---|---|---|
| 2008 | 166.7 | 116.1 |
| 2009 | 166.9 | 120.6 |
| 2010 | 169.2 | 119.1 |
| 2011 | 168.3 | 120.0 |
| 2012 | 169.7 | 119.5 |
| 2013 | 167.7 | 118.0 |
| 2014 | 168.0 | 119.3 |
| 2015 | 164.8 | 117.8 |
| 2016 | 164.8 | 117.4 |
| 2017 | 160.8 | 117.5 |
| 2018 | 159.2 | 117.5 |
| 2019 | 159.4 | 113.3 |
| 2020 | 163.8 | 115.2 |
| 2021 | 160.5 | 114.7 |
| 2022 | 154.3 | 115.8 |
| 2023 | 149.7 | 117.8 |
| 2024 | 148.6 | 113.1 |
Utilities
- New York, NY
- Philadelphia, PA
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Philadelphia, PA | |
|---|---|---|
| 2008 | 145.8 | 108.6 |
| 2009 | 144.3 | 113.9 |
| 2010 | 137.4 | 117.3 |
| 2011 | 134.8 | 121.3 |
| 2012 | 130.0 | 120.2 |
| 2013 | 128.9 | 120.0 |
| 2014 | 122.4 | 105.8 |
| 2015 | 117.2 | 102.4 |
| 2016 | 120.9 | 102.6 |
| 2017 | 122.8 | 104.8 |
| 2018 | 127.9 | 106.4 |
| 2019 | 128.7 | 108.6 |
| 2020 | 135.2 | 106.1 |
| 2021 | 132.0 | 101.1 |
| 2022 | 119.8 | 108.1 |
| 2023 | 129.1 | 119.4 |
| 2024 | 127.0 | 114.4 |
Other services
- New York, NY
- Philadelphia, PA
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Philadelphia, PA | |
|---|---|---|
| 2008 | 103.5 | 102.5 |
| 2009 | 106.1 | 104.0 |
| 2010 | 104.5 | 103.9 |
| 2011 | 106.9 | 100.4 |
| 2012 | 104.1 | 99.9 |
| 2013 | 104.1 | 99.2 |
| 2014 | 104.7 | 101.2 |
| 2015 | 105.3 | 99.4 |
| 2016 | 106.1 | 99.0 |
| 2017 | 106.8 | 103.7 |
| 2018 | 108.2 | 102.5 |
| 2019 | 109.3 | 105.5 |
| 2020 | 108.1 | 104.0 |
| 2021 | 110.7 | 98.3 |
| 2022 | 107.2 | 100.5 |
| 2023 | 106.7 | 100.6 |
| 2024 | 105.8 | 103.1 |
Rent and home values
Typical asking rent: $1,903 in Philadelphia vs $3,546 in New York
Typical asking rent for a new lease, dollars per month. Quarterly.
- New York, NY
- Philadelphia, PA
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| New York, NY | Philadelphia, PA | United States | |
|---|---|---|---|
| Mar 2015 | $2,260 | $1,200 | $1,145 |
| Jun 2015 | $2,309 | $1,215 | $1,170 |
| Sep 2015 | $2,335 | $1,217 | $1,181 |
| Dec 2015 | $2,314 | $1,209 | $1,182 |
| Mar 2016 | $2,324 | $1,228 | $1,195 |
| Jun 2016 | $2,367 | $1,251 | $1,219 |
| Sep 2016 | $2,384 | $1,248 | $1,225 |
| Dec 2016 | $2,361 | $1,249 | $1,222 |
| Mar 2017 | $2,371 | $1,271 | $1,245 |
| Jun 2017 | $2,418 | $1,286 | $1,270 |
| Sep 2017 | $2,428 | $1,286 | $1,276 |
| Dec 2017 | $2,387 | $1,287 | $1,275 |
| Mar 2018 | $2,407 | $1,309 | $1,296 |
| Jun 2018 | $2,461 | $1,331 | $1,320 |
| Sep 2018 | $2,483 | $1,328 | $1,327 |
| Dec 2018 | $2,454 | $1,334 | $1,329 |
| Mar 2019 | $2,478 | $1,359 | $1,349 |
| Jun 2019 | $2,538 | $1,385 | $1,376 |
| Sep 2019 | $2,559 | $1,384 | $1,383 |
| Dec 2019 | $2,535 | $1,384 | $1,381 |
| Mar 2020 | $2,557 | $1,412 | $1,402 |
| Jun 2020 | $2,514 | $1,420 | $1,406 |
| Sep 2020 | $2,394 | $1,424 | $1,410 |
| Dec 2020 | $2,309 | $1,425 | $1,407 |
| Mar 2021 | $2,345 | $1,451 | $1,443 |
| Jun 2021 | $2,467 | $1,508 | $1,512 |
| Sep 2021 | $2,637 | $1,549 | $1,590 |
| Dec 2021 | $2,713 | $1,580 | $1,622 |
| Mar 2022 | $2,808 | $1,615 | $1,661 |
| Jun 2022 | $2,948 | $1,658 | $1,721 |
| Sep 2022 | $3,027 | $1,672 | $1,748 |
| Dec 2022 | $2,971 | $1,661 | $1,735 |
| Mar 2023 | $3,009 | $1,683 | $1,757 |
| Jun 2023 | $3,103 | $1,711 | $1,785 |
| Sep 2023 | $3,133 | $1,726 | $1,797 |
| Dec 2023 | $3,092 | $1,722 | $1,786 |
| Mar 2024 | $3,145 | $1,743 | $1,807 |
| Jun 2024 | $3,226 | $1,773 | $1,837 |
| Sep 2024 | $3,239 | $1,782 | $1,845 |
| Dec 2024 | $3,218 | $1,789 | $1,836 |
| Mar 2025 | $3,278 | $1,805 | $1,860 |
| Jun 2025 | $3,360 | $1,824 | $1,880 |
| Sep 2025 | $3,403 | $1,842 | $1,881 |
| Dec 2025 | $3,364 | $1,844 | $1,873 |
| Mar 2026 | $3,410 | $1,864 | $1,894 |
| Jun 2026 | $3,511 | $1,889 | $1,921 |
| Sep 2026 | $3,546 | $1,903 | $1,932 |
Typical home value: $386,000 in Philadelphia vs $731,000 in New York
Typical home value, dollars. Quarterly.
- New York, NY
- Philadelphia, PA
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| New York, NY | Philadelphia, PA | United States | |
|---|---|---|---|
| Mar 2015 | $412K | $208K | $189K |
| Jun 2015 | $415K | $209K | $192K |
| Sep 2015 | $420K | $212K | $195K |
| Dec 2015 | $428K | $214K | $199K |
| Mar 2016 | $432K | $215K | $202K |
| Jun 2016 | $436K | $217K | $204K |
| Sep 2016 | $438K | $219K | $206K |
| Dec 2016 | $443K | $222K | $209K |
| Mar 2017 | $451K | $224K | $213K |
| Jun 2017 | $458K | $227K | $216K |
| Sep 2017 | $463K | $228K | $219K |
| Dec 2017 | $468K | $232K | $223K |
| Mar 2018 | $473K | $235K | $227K |
| Jun 2018 | $480K | $237K | $230K |
| Sep 2018 | $486K | $238K | $234K |
| Dec 2018 | $489K | $240K | $236K |
| Mar 2019 | $493K | $243K | $239K |
| Jun 2019 | $498K | $246K | $242K |
| Sep 2019 | $499K | $247K | $244K |
| Dec 2019 | $502K | $250K | $247K |
| Mar 2020 | $509K | $256K | $252K |
| Jun 2020 | $514K | $260K | $255K |
| Sep 2020 | $514K | $263K | $260K |
| Dec 2020 | $529K | $275K | $271K |
| Mar 2021 | $548K | $287K | $282K |
| Jun 2021 | $564K | $298K | $296K |
| Sep 2021 | $572K | $302K | $306K |
| Dec 2021 | $582K | $303K | $314K |
| Mar 2022 | $597K | $316K | $330K |
| Jun 2022 | $617K | $330K | $346K |
| Sep 2022 | $619K | $331K | $348K |
| Dec 2022 | $613K | $331K | $345K |
| Mar 2023 | $611K | $332K | $343K |
| Jun 2023 | $621K | $340K | $347K |
| Sep 2023 | $631K | $347K | $352K |
| Dec 2023 | $639K | $352K | $354K |
| Mar 2024 | $651K | $357K | $357K |
| Jun 2024 | $665K | $363K | $361K |
| Sep 2024 | $675K | $365K | $361K |
| Dec 2024 | $684K | $368K | $363K |
| Mar 2025 | $688K | $371K | $364K |
| Jun 2025 | $693K | $374K | $362K |
| Sep 2025 | $697K | $377K | $362K |
| Dec 2025 | $706K | $379K | $364K |
| Mar 2026 | $716K | $381K | $366K |
| Jun 2026 | $722K | $383K | $365K |
| Sep 2026 | $731K | $386K | $366K |
More about each city
- Cost of living in New York, NY
- Cost of living in Philadelphia, PA
- Reverse: moving from Philadelphia to New York
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.