Convert your annual salary to hourly, daily, weekly, biweekly, and monthly pay in Philadelphia, and compare it to the local minimum wage and MIT living wage for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Philadelphia minimum wage: $7.25/hour | Living wage: $21.50/hour
Median household income in Philadelphia is about $60,000. The applicable minimum wage is $7.25/hour, and the MIT living wage for a single adult is about $21.50/hour. Use the comparisons below to see where a given salary lands.
| Pay Benchmark (Philadelphia) | Hourly | Annual (full-time) |
|---|---|---|
| Applicable minimum wage | $7.25 | $15,080 |
| MIT living wage (single adult) | $21.50 | $44,720 |
| Median household income | $28.85 | $60,000 |
| Standard full-time hours | - | 2,080 hours/year |
Philadelphia is the largest city in Pennsylvania and a major East Coast hub for healthcare and higher education (the eds and meds economy), pharmaceuticals and life sciences, financial services, a busy seaport, and tourism rooted in the nation's founding history.
| Local Metric | Philadelphia (2026 estimate) |
|---|---|
| Metro population | 1.6 million |
| County / jurisdiction | the City and County of Philadelphia |
| Cost of living index (US avg = 100) | 102 |
| MIT living wage, single adult | $21.50/hour |
| MIT living wage, one earner supporting a family of four | $42.00/hour |
| Applicable minimum wage | $7.25/hour |
| Average rent, 1-bedroom | $1,650/month |
| Average rent, 2-bedroom | $1,950/month |
| Median home price | $245,000 |
| Median household income | $60,000/year |
| Combined sales tax rate | 8% |
| Effective property tax rate | 0.92% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your annual salary by your total work hours per year (40 hours/week times 52 weeks is 2,080 hours). For example, a $60,000 salary in Philadelphia is about $28.85/hour at full time.
Median household income in Philadelphia is around $60,000. Because the cost-of-living index is 102 (US average = 100) and average 1-bedroom rent is $1,650/month, what counts as comfortable depends heavily on housing costs.
The applicable minimum wage in Philadelphia is $7.25/hour, which is about $15,080/year at full time. Pennsylvania keeps its minimum wage at the federal $7.25/hour and preempts most local minimum wage increases, so $7.25 applies to most private employers in Philadelphia, though the city sets a higher wage floor for its own contractors and subsidized work.
The MIT Living Wage Calculator estimates a single adult in the City and County of Philadelphia needs about $21.50/hour, roughly $44,720/year, to cover basic costs without assistance.
At full time, $60,000/year is about $28.85/hour, $5,000/month gross, and $2,308 per biweekly paycheck before taxes.