Philadelphia, Pennsylvania Income Statistics
Philadelphia Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Philadelphia Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Philadelphia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,166 | $78,249 | $80,455 |
| Median Personal Income | $58,995 | $62,573 | $60,758 |
| Average Yearly Income Growth | 5.8% | 4.4% | 4.8% |
| Six-Figure Earners | 10.9% | 13.0% | 13.9% |
| $200k+ Households | 8.9% | 11.8% | 13.2% |
The median household income in Philadelphia is about 21% lower than in Pennsylvania. Income has been growing faster in Philadelphia (5.8%/yr) than in Pennsylvania (4.4%/yr).
About 11% of adults in Philadelphia earn six figures ($100,000 or more) a year, lower than the Pennsylvania average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Philadelphia, Pennsylvania grew by 69.7% from 2009 to 2024, reaching $62,166 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Philadelphia
| Metric | Philadelphia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.537 | 0.552 |
| Male Median Income | $65,898 | $71,585 | $69,667 |
| Female Median Income | $59,187 | $57,854 | $56,850 |
| Gender Pay Gap | 10.2% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Philadelphia, it is 0.566, higher than Pennsylvania's 0.537, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 11% more than women's income in Philadelphia, Pennsylvania. Over a 35-year career, a 11% wage gap accumulates to roughly $234,885 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Philadelphia, Pennsylvania has narrowed from about 11% to 10% in 2024. Over that period the gap was widest at 12% in 2022, and was narrowest at 9% in 2016. In dollar terms, the gap has widened by $1,899 since 2009.
Employment
| Metric | Philadelphia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 5.2% | 5.2% |
| Working from Home | 18.4% | 15.6% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 66,240 people are unemployed in Philadelphia, Pennsylvania.
The average commute time in Philadelphia is 30 minutes, longer than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Philadelphia, Pennsylvania has fallen from 13.4% to 8.1% in 2024. Over that period the rate peaked at 15.1% in 2013.
Philadelphia, PA Wealth Compared With Nearby Cities
How Philadelphia, PA compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Philadelphia, PA | 1,578,137 | $62,166 #1/2 | 5.8%/yr #1/2 | 8.1% #1/2 | 0.566 #1/2 |
| Camden, NJ | 71,513 | $40,756 | 5.7%/yr | 14.4% | 0.581 |
Conclusion
Considering all these factors, Philadelphia, Pennsylvania has an overall wealth index grade of D, making it somewhat worse than Pennsylvania, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Philadelphia, Pennsylvania.
How Rich Is Philadelphia, Pennsylvania?
Philadelphia has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $62,166, about 21% lower than the Pennsylvania average of $78,249.
Are incomes growing in Philadelphia, Pennsylvania?
Between 2009 and 2024, the median household income in Philadelphia, Pennsylvania rose 70%, from $36,634 to $62,166. Over the same years, income here outpaced Pennsylvania as a whole: +70% against +57%.
What was the median household income in Philadelphia in 2023?
In 2023, the median household income in Philadelphia, Pennsylvania was $60,769, up 6% from $57,184 in 2022. The Pennsylvania median that year was $76,230.
What was the median household income in Philadelphia in 2020?
In 2020, the median household income in Philadelphia, Pennsylvania was $49,059. By 2024 it had risen 27% to $62,166.
Is unemployment high in Philadelphia, Pennsylvania?
Unemployment in Philadelphia, Pennsylvania is 8.1%, well above the Pennsylvania rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Philadelphia, Pennsylvania?
The Gini coefficient in Philadelphia is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Philadelphia, Pennsylvania?
Since 2009, the income gap between men and women in Philadelphia, Pennsylvania has narrowed from about 11% to 10% in 2024. Over that period the gap was widest at 12% in 2022, and was narrowest at 9% in 2016. In dollar terms, the gap has widened by $1,899 since 2009.
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