Cost of Living: Elk River, MN vs Philadelphia, PA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Elk River, MN versus $4,337/mo in Philadelphia, PA. In the model, rent is about 18.5% of gross in Elk River, MN versus 19.29% in Philadelphia, PA, so Elk River, MN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Elk River, MN and Philadelphia, PA.
At a glance
- Cheaper overall (lower cost-of-living index): Philadelphia, PA
- Lower rent (median 1BR/2BR): Elk River, MN
- Lower home prices: Philadelphia, PA
- Higher median household income: Elk River, MN
Cost of Living Index
Elk River, MN: 100 (U.S. = 100) · Philadelphia, PA: 95.2 (U.S. = 100)
Philadelphia, PA has a lower cost-of-living index than Elk River, MN, so a given salary generally stretches further there.
Median Rent
Elk River, MN: $1,206/mo (midpoint of 1BR/2BR) · Philadelphia, PA: $1,257/mo
Median rent in Philadelphia, PA is $51/mo higher than in Elk River, MN.
Median Home Price
Elk River, MN: $338,300 · Philadelphia, PA: $232,400
Median home price in Elk River, MN is $105,900 higher than in Philadelphia, PA.
Median Household Income
Elk River, MN: $99,457 · Philadelphia, PA: $60,698
Elk River, MN has a higher median household income than Philadelphia, PA by $38,759.
Elk River, MN overview · Philadelphia, PA overview · Popular comparisons