Philadelphia is a city in Pennsylvania state in USA with a population of 1581530 residents..
The poverty rate of Philadelphia is 23.1%, which is 65% higher than national average.
The typical household in Philadelphia earns $49127 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 50.7% of households earn less than $50,000 a year compared to 39% national rate.
The unemployment rate of Philadelphia remained 8.8%, which is 87% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Philadelphia is 102, which is 2% higher than national average.
In Philadelphia, only 32% of adults have a bachelor's degree and 23% have some college but no degree.
Median home value in Philadelphia is $171600 , which is 25% lower than national average.
While median income in Philadelphia remained $49127, which is 27% lower than national average.