In 2018, Philadelphia, Pennsylvania had a population of 1.58M people with a median age of 34.5 and a median household income of $46,116 dollars. Between 2017 and 2018 the population of Philadelphia, PA grew from 1.58M to 1.58M, a 0.207 percent increase, and its median household income grew from $39,759 dollars to $46,116 dollars, a 16 percent increase.
The population of Philadelphia, PA is 40.1 percent Black or African American Alone, 34 percent White Alone, and 15.2 percent Hispanic or Latino. 23.9 percent of the people in Philadelphia, PA speak a non-English language, and 92.8 percent are U.S. citizens.
The largest universities in Philadelphia, PA are Temple University (9,383 degrees awarded in 2017), University of Pennsylvania (9,234 degrees), and Drexel University (7,679 degrees).
The median property value in Philadelphia, PA is $167,700 dollars, and the homeownership rate is 52.7 percent. Most people in Philadelphia, PA commute by Drove Alone, and the average commute time is 33 minutes. The average car ownership in Philadelphia, PA is 1 car per household.
In 2017, universities in Philadelphia, PA awarded 41,499 degrees. The student of Philadelphia, PA is skewed towards women, with 62,513 males and 84,221 females.
Most students graduating from Universities in Philadelphia, PA are White (21,254 and 57.3 percent), followed by Black or African American (5,366 and 14.5 percent), Asian (4,342 and 11.7 percent), and Hispanic or Latino (2,613 and 7.05 percent).
The largest universities in Philadelphia, PA by the number of degrees awarded are Temple University (9,383 and 22.6 percent), University of Pennsylvania (9,234 and 22.3 percent), and Drexel University (7,679 and 18.5 percent).
The most popular majors in Philadelphia, PA are Registered Nursing (1,754 and 4.23 percent), General Finance (1,623 and 3.91 percent), and General Business Administration & Management (1,386 and 3.34 percent).
The median tuition costs in Philadelphia, PA are $36,903 dollars for private four-year colleges, and $15,768 dollars and $27,528 dollars respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Philadelphia, PA employs 714k people and Philadelphia has an unemployment rate of 5.6 percent. Philadelphia has seen the job market increase by 1.2 percent over the last year. Future job growth over the next ten years is predicted to be 28.4 percent, which is lower than the US average of 33.5 percent. The largest industries in Philadelphia, PA are Retail Trade (65,473 people), and Educational Services (73,641 people), Health Care & Social Assistance (150,971 people), and the highest paying industries are Management of Companies & Enterprises ($61,434 dollars), Professional, Scientific, & Technical Services ($61,145 dollars), and Utilities ($56,772 dollars).
Households in Philadelphia, PA have a median annual income of $46,116 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $39,759 dollars in 2017, which represents a 16 percent annual growth.
Tax Rates for Philadelphia
– The Sales Tax Rate for Philadelphia is 8.0 percent.
– The Income Tax Rate for Philadelphia is 7.0 percent.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Philadelphia
– The average income of a Philadelphia resident is $22,542 dollars a year.
– The Median household income of a Philadelphia resident is $37,460 dollars a year.