Philadelphia : Pennsylvania

What Philadelphia is like for active adults

Philadelphia is one of America's most historic cities as well as the largest city in Pennsylvania. Philadelphia is home to numerous colleges and universities including Penn and Villanova. It is also home to many neighborhoods and a vital, historic downtown surrounded by 2 major rivers. Living close to the University of Pennsylvania or just out of town in Villanova can provide an interesting retirement, and more and more people 55+ are choosing an urban retirement lifestyle in Philadelphia. Domus is such a development in the heart of academic Philadelphia (see active adult communities link at right).

Cost of living can be surprisingly affordable for a city of this size. The average home price in the Philadelphia/Camden Metro is $206,000 according to the National Association of Realtors, although that can differ tremendously based on neighborhood. Prices have been much more stable than in the rest of the country throughout 2008-9.

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What is special about this retirement community

Living so close to the center of American history has to be a thrill. Birthplace of the Declaration of Independence and home of Benjamin Franklin make Philadelphia a special place. The urban lifestyle in Philadelphia, where owning a car is not necessary, is quite appealing. There are lots of great restaurants, museums, and shopping.

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What is not special about this retirement community

Crime and urban problems would make Philadelphia a less than desirable place for people who don't like living in an urban environment.

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What kinds of people like retiring here

People who are looking to live in a major city with a lot to do, including a university environment, will enjoy retirement in Philadelphia

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Local economy is driven by

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Climate and Physical Environment

Philadelphia is in extreme southeastern Pennsylvania across the Delaware from New Jersey. The Schuylkill River goes through the western part of the city.

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Cultural environment

Philadelphia has some of the top cultural institutions in the world, including art and music. The Philadelphia Museum of Art, the Rodin Museum, and the Pennsylvania Academy of Fine Arts are just some of its atttractions. Independence National Historical Park is one of the top historical attractions in America. Every type of sports team is represented here as well. The presence of several major colleges and universities make this a very sophisticated town.

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Medical facilities

The University of Pennsylvania Medical System is one of the finest in the world.

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Transportation

Rail, bus, air, and surface transportation are tops in Philadelphia

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Valuable Links

Pennsylvania retirement guide
WIkipedia guide to Philadelphia

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Facts about PHILADELPHIA

State: PA
Environment: Urban,College Town,
City Population: 100,001+
Median age of Population: 25-44
Avg Jan Temperature: 21-40
Median HH Income: 20,001-40,000
Average Home Price (MLS): $100,000-$200,000
Annual Property Tax on a $200,000 house: 2000-4000
Total Crime Index: 121+ (very high)
Cost of Living Index: 101-110 (slightly above average)
Culture Index: 121+ (very high)
State Sales Tax: Yes
State Income Tax: Yes
Name of the Guide: Boomer1

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