Quick answer
Overall prices in the New York, NY metro were 112.6 vs 102.6 in Philadelphia, PA in 2024 (US = 100), so New York is 9.8% more expensive than Philadelphia; housing rents differ by 31% (148.6 vs 113.1). A $75,000 income in New York buys about what $68,331 buys in Philadelphia, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Philadelphia | New York vs Philadelphia |
|---|---|---|---|
| All items | 112.6 | 102.6 | +9.8% |
| Goods | 110.3 | 96.8 | +13.9% |
| Housing (rents) | 148.6 | 113.1 | +31.4% |
| Utilities | 127.0 | 114.4 | +11.0% |
| Other services | 105.8 | 103.1 | +2.7% |
| All items, 2008 | 113.5 | 106.4 | +6.6% |
| $50,000 in New York equals in Philadelphia | $45,554 | ||
| $100,000 in New York equals in Philadelphia | $91,108 | ||
| $150,000 in New York equals in Philadelphia | $136,662 |
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Last updated 2026-10-16. Data only, not financial or tax advice.