Cost of Living: Prior Lake, 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 Prior Lake, MN versus $4,337/mo in Philadelphia, PA. In the model, rent is about 22.56% of gross in Prior Lake, MN versus 19.29% in Philadelphia, PA, so Philadelphia, PA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Prior Lake, MN and Philadelphia, PA.
At a glance
- Cheaper overall (lower cost-of-living index): Philadelphia, PA
- Lower rent (median 1BR/2BR): Philadelphia, PA
- Lower home prices: Philadelphia, PA
- Higher median household income: Prior Lake, MN
Cost of Living Index
Prior Lake, MN: 100 (U.S. = 100) · Philadelphia, PA: 95.2 (U.S. = 100)
Philadelphia, PA has a lower cost-of-living index than Prior Lake, MN, so a given salary generally stretches further there.
Median Rent
Prior Lake, MN: $1,471/mo (midpoint of 1BR/2BR) · Philadelphia, PA: $1,257/mo
Median rent in Prior Lake, MN is $214/mo higher than in Philadelphia, PA.
Median Home Price
Prior Lake, MN: $429,900 · Philadelphia, PA: $232,400
Median home price in Prior Lake, MN is $197,500 higher than in Philadelphia, PA.
Median Household Income
Prior Lake, MN: $130,278 · Philadelphia, PA: $60,698
Prior Lake, MN has a higher median household income than Philadelphia, PA by $69,580.
Prior Lake, MN overview · Philadelphia, PA overview · Popular comparisons