PHILADELPHIA - A recent study of Philadelphia's emigration patterns found that about a quarter of residents cited high taxes as the top reason for moving. That ranked high among reasons cited by residents but ranked below the housing, jobs, schools, and neighborhood changes.
A slightly higher percentage of respondents said the taxes were a minor factor, and about half said they were leaving because of other circumstances. The reasons most commonly cited by Philadelphians included a desire for a change of scenery, while others cited a lack of amenities or a combination of those things.
While the reasons for leaving Philadelphia vary, the overall trend is similar. The reasons for leaving include a lack of job opportunities, schooling, and safety. In addition, people who left the city to find a new home were more likely to discuss job opportunities or the chance to be closer to family and friends. This survey provides some hard numbers about the debate over why Philadelphians are leaving the city. Whether it's due to the housing shortage or the lack of economic opportunity, there's no denying that a significant number of people have moved away from the city in search of better living conditions.
The city has a mild climate, with average temperatures hovering around freezing and going as low as zero for brief periods. The coldest month of the year is January. The job market in Philadelphia is relatively healthy compared to other cities in Pennsylvania. It's also an excellent option for healthcare and education professionals. Just be sure to find a good job first before moving to Philadelphia. You won't find a better job market anywhere else.
The cost of living is higher than the national average and continues to increase. However, it's lower than most cities on the East Coast. The median home value is below $130,000. If you're interested in living in Philadelphia, move fast! The price of housing is on the rise. So, move fast to take advantage of the low prices. But be prepared to live in an apartment, house, or condo for less than half the price of a home in other cities.
Philadelphia has a diverse housing market. You can find luxurious luxury condos with skyline views or cozy single-family stone mansions in Overbrook and Chestnut Hill. In Philadelphia, the median home sale price is $250,000, which is 9% higher than the year before. If you're looking for a low-cost rental in the city, Philadelphia is the perfect location. However, if you're looking for a cheap home, you might want to look elsewhere.
The city is growing more congested. It is the ninth-most congested city in the United States, and residents spend an average of 112 hours in traffic per year. It was not built for cars, but recent growth has only compounded the problem. Philadelphia also imposes a wage tax on its employees, which is just under 4%. So, what's the solution?