Discretionary Income in Philadelphia, PA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Philadelphia, PA is ranked 206th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Philadelphia, PA
Gross Salary
$8,333
Taxes
$1,444
Cost of Living
$4,058
Discretionary Income
$2,831
With a gross annual salary of $100,000 in Philadelphia, PA, you would need to deduct approximately $1,444 per month for taxes. Given that the average cost of living in Philadelphia is $4,058, you would have around $2,831 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Philadelphia, PA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Philadelphia, PA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Philadelphia, PA |
|---|---|
| $30,000 | -$1,778 |
| $40,000 | -$1,070 |
| $50,000 | -$362 |
| $60,000 | $333 |
| $70,000 | $958 |
| $80,000 | $1,582 |
| $90,000 | $2,207 |
| $100,000 | $2,831 |
| $110,000 | $3,454 |
| $120,000 | $4,062 |
| $130,000 | $4,670 |
| $140,000 | $5,277 |
| $150,000 | $5,885 |
| $175,000 | $7,405 |
| $200,000 | $8,897 |
| $250,000 | $11,590 |
| $300,000 | $14,171 |
| $350,000 | $16,751 |
| $400,000 | $19,331 |
| $450,000 | $21,912 |
| $500,000 | $24,492 |
Discretionary Income in Philadelphia, PA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Philadelphia, PA is ranked 198th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Philadelphia, PA
Gross Salary
$8,333
Taxes
$1,444
Cost of Living
$2,706
Discretionary Income
$4,183
With a gross annual salary of $100,000 in Philadelphia, PA, a single person would need to deduct approximately $1,444 per month for taxes. Considering the average cost of living in Philadelphia is $2,706, singles would have around $4,183 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Philadelphia, PA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Philadelphia, PA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Philadelphia, PA |
|---|---|
| $30,000 | -$426 |
| $40,000 | $282 |
| $50,000 | $990 |
| $60,000 | $1,686 |
| $70,000 | $2,310 |
| $80,000 | $2,934 |
| $90,000 | $3,559 |
| $100,000 | $4,183 |
| $110,000 | $4,806 |
| $120,000 | $5,414 |
| $130,000 | $6,022 |
| $140,000 | $6,630 |
| $150,000 | $7,237 |
| $175,000 | $8,757 |
| $200,000 | $10,249 |
| $250,000 | $12,942 |
| $300,000 | $15,523 |
| $350,000 | $18,103 |
| $400,000 | $20,683 |
| $450,000 | $23,264 |
| $500,000 | $25,844 |
Discretionary Income in Philadelphia, PA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Philadelphia, PA is ranked 206th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Philadelphia, PA
Gross Salary
$8,333
Taxes
$1,444
Cost of Living
$4,053
Discretionary Income
$2,837
With a gross annual salary of $100,000 in Philadelphia, PA, a couple would need to deduct approximately $1,444 per month for taxes. Considering the average cost of living in Philadelphia is $4,053, couples would have around $2,837 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Philadelphia, PA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Philadelphia, PA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Philadelphia, PA |
|---|---|
| $30,000 | -$1,772 |
| $40,000 | -$1,065 |
| $50,000 | -$357 |
| $60,000 | $339 |
| $70,000 | $963 |
| $80,000 | $1,588 |
| $90,000 | $2,212 |
| $100,000 | $2,837 |
| $110,000 | $3,460 |
| $120,000 | $4,067 |
| $130,000 | $4,675 |
| $140,000 | $5,283 |
| $150,000 | $5,891 |
| $175,000 | $7,410 |
| $200,000 | $8,902 |
| $250,000 | $11,596 |
| $300,000 | $14,176 |
| $350,000 | $16,756 |
| $400,000 | $19,271 |
| $450,000 | $21,769 |
| $500,000 | $24,266 |
Discretionary Income in Philadelphia, PA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Philadelphia, PA is ranked 213th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Philadelphia, PA
Gross Salary
$8,333
Taxes
$1,183
Cost of Living
$3,996
Discretionary Income
$3,154
With a gross annual salary of $100,000 in Philadelphia, PA, a single parent would need to deduct approximately $1,183 per month for taxes. Considering the average cost of living in Philadelphia is $3,996, single parents would have around $3,154 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Philadelphia, PA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Philadelphia, PA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Philadelphia, PA |
|---|---|
| $30,000 | -$1,650 |
| $40,000 | -$931 |
| $50,000 | -$223 |
| $60,000 | $485 |
| $70,000 | $1,192 |
| $80,000 | $1,900 |
| $90,000 | $2,530 |
| $100,000 | $3,154 |
| $110,000 | $3,779 |
| $120,000 | $4,397 |
| $130,000 | $5,004 |
| $140,000 | $5,612 |
| $150,000 | $6,220 |
| $175,000 | $7,739 |
| $200,000 | $9,259 |
| $250,000 | $11,983 |
| $300,000 | $14,569 |
| $350,000 | $17,149 |
| $400,000 | $19,730 |
| $450,000 | $22,310 |
| $500,000 | $24,891 |
Discretionary Income in Philadelphia, PA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Philadelphia, PA is ranked 209th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Philadelphia, PA
Gross Salary
$8,333
Taxes
$942
Cost of Living
$5,478
Discretionary Income
$1,913
With a gross annual salary of $100,000 in Philadelphia, PA, a family would need to deduct approximately $942 per month for taxes. Considering the average cost of living in Philadelphia is $5,478, families would have around $1,913 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Philadelphia, PA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Philadelphia, PA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Philadelphia, PA |
|---|---|
| $30,000 | -$3,074 |
| $40,000 | -$2,349 |
| $50,000 | -$1,625 |
| $60,000 | -$918 |
| $70,000 | -$210 |
| $80,000 | $498 |
| $90,000 | $1,206 |
| $100,000 | $1,913 |
| $110,000 | $2,621 |
| $120,000 | $3,305 |
| $130,000 | $3,930 |
| $140,000 | $4,554 |
| $150,000 | $5,178 |
| $175,000 | $6,739 |
| $200,000 | $8,301 |
| $250,000 | $11,370 |
| $300,000 | $14,409 |
| $350,000 | $17,448 |
| $400,000 | $20,432 |
| $450,000 | $23,138 |
| $500,000 | $25,819 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.