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Philadelphia, Pennsylvania Retirement Guide
Retirement Score
Philadelphia, Pennsylvania at a Glance
- Median Home Price
- $237,900
- State Income Tax
- State income tax; Social Security and most retirement income fully exempt.
- Avg January Low
- 28.2°F
- Cost of Living Index
- 96.3 (US avg = 100)
- RetireCityIQ Score
- 50 / 100
Overview
Explore the key retirement factors for Philadelphia, Pennsylvania, including cost of living, taxes, healthcare quality, and climate data.
Cost of Living
Affordability Metrics
Philadelphia's cost of living is 3.700000000000003% below the national average. For a detailed breakdown of expenses, see our cost of living methodology.
Housing
Real Estate & Housing
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Philadelphia using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$515
Stress-case monthly carrying cost
$579
Median home price used: $237,900
Median rent reference: $1,281 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Budget validation
Calculate if your savings last in this city
Use RetireFree to test whether your portfolio can support retirement in Philadelphia, Pennsylvania after local housing costs, taxes, healthcare, inflation, and withdrawal timing.
Open the RetireFree Calculator →Healthcare
Access & Quality
Quality of care and specialist availability are critical for a successful retirement. Philadelphia scores 15.5 out of 100 for healthcare access.
Care planning link
Find local assisted living in Philadelphia
If your city research includes aging parents, future care needs, or a move closer to family, compare local care options alongside housing and healthcare access.
Assisted living in Philadelphia →Taxes
State Tax Climate
Pennsylvania has a tax environment that is moderate for retirees.
Climate
Weather & Environment
With 285 sunny days a year and an average January low of 28.2°F, Philadelphia offers a traditional winter climate.
Safety & Walkability
Community Safety
Walkability
Demographics
Population Profile
Diversity Breakdown
Frequently asked questions about retiring in Philadelphia
What is the cost of living in Philadelphia, Pennsylvania for retirees?▾
The cost-of-living index is 96, roughly 4% below the national average of 100. Median home price is around $237,900.
Does Pennsylvania tax Social Security or retirement income?▾
For Pennsylvania residents: State income tax; Social Security and most retirement income fully exempt.
What is the climate like in Philadelphia, Pennsylvania?▾
Philadelphia, Pennsylvania has January average low around 28°F, July average high around 89°F. Climate normals are based on 30-year averages from NOAA's National Centers for Environmental Information.
What is healthcare access like in Philadelphia, Pennsylvania?▾
Philadelphia scores 16/100 on the RetireCityIQ healthcare access index — a limited score. The index combines CMS hospital quality ratings, Medicare Advantage plan availability, and hospitals per 100,000 residents (KFF + CMS data).
Local Professionals
Financial Advisors
TRANSAMERICA FINANCIAL ADVISORS, LLC
JANNEY MONTGOMERY SCOTT LLC
PRUDENT MANAGEMENT ASSOCIATES
+92 more financial advisors available