One of the largest workforce in the U.S.
Philadelphia is a very large city located in the state of Pennsylvania. With a population of 1,603,797 people and 409 constituent neighborhoods, Philadelphia is the largest community in Pennsylvania. Much of the housing stock in Philadelphia was built prior to World War II, making it one of the older and more historic cities in the country.
Unlike some cities, Philadelphia isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Philadelphia are a mix of both white- and blue-collar jobs. Overall, Philadelphia is a city of professionals, service providers, and sales and office workers. There are especially a lot of people living in Philadelphia who work in office and administrative support (11.38%), management occupations (8.75%), and sales jobs (8.05%).
Also of interest is that Philadelphia has more people living here who work in computers and math than 95% of the places in the US.
Philadelphia is a popular destination for single career-starters. One thing that you will notice when you are out and about town is that there is a large population of people who are young, single, educated, and upwardly-mobile career starters out at restaurants, listening to live music, and enjoying other activities. They are a real visible part of the culture of Philadelphia. This makes Philadelphia a good place to live for young professionals. With so many people in this demographic, Philadelphia presents many opportunities for single professionals to enjoy themselves, socialize, and to create lasting relationships.
In Philadelphia, however, the average commute to work is quite long. On average, people spend 33.48 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. In addition, the city is also quite pedestrian-friendly, because many neighborhoods are very dense and have amenities close enough together that people find it feasible to get around on foot.
Philadelphia, like many big cities in America, has a public transportation system, but the citizens of Philadelphia are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.
The education level of Philadelphia citizens is substantially higher than the typical US community, as 31.23% of adults in Philadelphia have at least a bachelor's degree.
The per capita income in Philadelphia in 2018 was $29,644, which is middle income relative to Pennsylvania and the nation. This equates to an annual income of $118,576 for a family of four. However, Philadelphia contains both very wealthy and poor people as well.
Philadelphia is an extremely ethnically-diverse city. The people who call Philadelphia home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Philadelphia residents report their race to be Black or African-American, followed by White. Philadelphia also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.06% of the city’s residents. Important ancestries of people in Philadelphia include Irish, Italian, German, Polish, and English.
The most common language spoken in Philadelphia is English. Other important languages spoken here include Spanish and Chinese.
|TIME PERIOD||TOTAL APPRECIATION||AVG. ANNUAL RATE||COMPARED TO State*||COMPARED TO AMERICA*|
2022 Q3-2022 Q4
|Last 12 Months:
2021 Q4-2022 Q4
|Last 2 Years:
2020 Q4-2022 Q4
|Last 5 Years:
2017 Q4-2022 Q4
|Last 10 Years:
2012 Q4-2022 Q4
|Since 2000: Q1-2022 Q4||0.00%||0.00%|
RATINGS: 1=Very Low 2=Low 3=Moderate 4=High 5=Very High
|REGIONAL TREND||LAST 1 YEAR||COMPARED TO NATION*||LAST 2 YEARS||COMPARED TO NATION*|
|Stock Performance of Region's Industries||0.00%||0.00%|
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