Why People Are Moving to Philadelphia (And Where to Live)

Who Is Moving to Philadelphia and Why? A Guide for Newcomers and Investors

Philadelphia, aptly known as the “City of Brotherly Love,” continues to attract new residents from far and wide. Combining rich historical heritage with a vibrant present, this city offers something for everyone, from young professionals embarking on new careers to families seeking a home in thriving neighborhoods. But who exactly is moving here, and what makes Philadelphia such an inviting choice?

This blog explores the demographics of new residents, the factors driving the city's appeal, popular neighborhoods, and practical advice for newcomers—all tailored to meet the interests of job seekers, new residents, home sellers, and real estate investors.

Who Is Moving to Philadelphia? The Changing Demographics

According to the most recent U.S. Census Bureau estimates, Philadelphia’s population has steadily increased over the last decade, crossing 1.58 million in 2023. This growth includes a dynamic mix of individuals and families who span across different age groups, professions, and lifestyle preferences. The NAR's 2024 Buyer & Seller Profile Report offers an in-depth analysis of buyer trends and behaviors.

Age Groups and Lifestyles

• Young Professionals (20–34): Philadelphia’s relatively affordable urban lifestyle makes it a haven for young adults entering the workforce. With walkable streets, public transportation, and trendy neighborhoods, the city attracts millennials and Gen Z individuals in search of career opportunities and connected city living.
• Families (35–50): Families relocating to Philadelphia are drawn by the excellent school systems in neighborhoods like Chestnut Hill and the Main Line suburbs, as well as access to parks, museums, and year-round family-friendly activities.
• Retirees (55+): Many retirees are choosing Philadelphia for mixed urban and suburban living, cultural amenities, and access to renowned healthcare facilities like Jefferson Health and the University of Pennsylvania Hospital.

Career Professionals

One of the key groups relocating to the city includes professionals in healthcare, technology, education, and finance. Philadelphia’s robust local economy and proximity to major cities like New York and Washington, D.C., make it particularly appealing for upwardly mobile individuals.

Why Are People Moving to Philadelphia?

Philadelphia’s growing popularity is due to a mixture of practical, economic, and cultural factors. Here's a closer look at the city’s strongest draws.

1. Thriving Job Market

Philadelphia offers employment opportunities across a range of key sectors, with robust growth in technology, healthcare, and education. According to the Bureau of Labor Statistics, healthcare remains one of the largest sectors, employing over 30% of the city’s workforce. Similarly, tech-related job postings through platforms like Philly Tech Week have surged, making the city an emerging hub for startups.

2. Affordable Real Estate

Compared to metropolitan giants like New York City or Boston, Philadelphia real estate is refreshingly affordable. According to BrightMLS, the median listing price for a home in Philadelphia is significantly lower than in larger urban hubs—making home buying more accessible for families and younger professionals.

The city also offers appealing potential for real estate investors. Neighborhood growth in areas like Brewerytown and Point Breeze has led to strong property appreciation rates. For those considering real estate investments, Philadelphia represents both low entry costs and high future returns.

3. Cultural and Lifestyle Appeal

Quality of Life: Philadelphia provides a mix of urban energy and suburban calm. From lively festivals and world-class museums to famous cheesesteaks and gourmet dining, the city offers a balance of excitement and comfort.
Connectivity: Within just two hours by train, residents can travel to neighboring cities like New York or Washington, D.C., making Philly an ideal central base.

Philadelphia's Top Neighborhoods and Suburbs for Every Lifestyle

Choosing the Right Neighborhood

When considering which neighborhood is right for you, it's important to think about your lifestyle and priorities. Are you looking for an urban environment with a bustling nightlife? Or do you prefer a quieter, residential community? Are you drawn to historic charm or modern amenities?

In addition to these factors, it's also essential to consider your budget and future plans. Some neighborhoods may be more affordable now but have rising property values that could make them less accessible in the long term.

If Philadelphia is calling your name, make your move with confidence. Start exploring neighborhoods, job opportunities, and real estate options today!

Budget-Friendly Neighborhoods

• Fishtown: Perfect for artists, freelancers, and young professionals, Fishtown offers trendy coffee spots, craft breweries, and a vibrant nightlife scene—all at slightly lower price points.
• Port Richmond: A rising star for affordability and proximity to Center City, this working-class neighborhood offers an array of family-owned restaurants and rowhomes.

Communities with Exceptional Amenities for Everyone

• Chestnut Hill: Famed for its top-rated schools, delightful boutiques, and picturesque cobblestone streets, Chestnut Hill offers the perfect blend of suburban charm and urban convenience, making it a sought-after destination for city dwellers craving a quieter feel.
• Manayunk: With its mix of activities, bike trails, and historic architecture, this riverside neighborhood draws those seeking a blend of adventure and charm.
• Queen Village : This charming neighborhood is a hotspot for food enthusiasts and shoppers, offering an array of diverse restaurants and unique local boutiques.

Upscale Living

• Rittenhouse Square: Located in the heart of Center City, this high-end neighborhood features luxury condos, Michelin-starred restaurants, and limitless cultural attractions.
• Old City: Known for its historic charm paired with contemporary living, Old City appeals to property buyers interested in cobblestone streets and premier gallery spaces.
• Washington Square/Society Hill : For those seeking a mix of luxury living and green spaces, Washington Square offers both upscale high-rise living options and proximity to charming parks.

Neighborhoods in Bucks County:

• New Hope: Known for its vibrant arts scene, scenic beauty, and charming downtown area.
• Doylestown: A picturesque town with a rich history, offering a blend of cultural attractions, boutique shops, and dining experiences.
• Yardley: A riverfront community with a quaint, small-town charm, featuring historic homes and a bustling downtown area.

Neighborhoods in Montgomery County:

• Ambler: A vibrant suburban town with a thriving arts and entertainment scene, offering a wide range of dining options and community events.
• Fort Washington: A serene residential community with easy access to major highways, parks, and recreational amenities.
• Jenkintown: Known for its historic architecture, tree-lined streets, and a vibrant downtown area with local shops and restaurants.

Neighborhoods in Delaware County:

• Media: The county seat known for its vibrant downtown, featuring a variety of shops, restaurants, and community events.
• Swarthmore: Home to Swarthmore College and offering a mix of charming residential streets and a vibrant town center.
• Wayne: A bustling community with a lively downtown area, featuring upscale shopping, dining, and cultural attractions.

Neighborhoods in Chester County:

• West Chester: A historic town with a lively downtown atmosphere, offering a vibrant arts scene, eclectic shops, and a wide range of dining options.
• Exton: A suburban area known for its shopping centers, entertainment venues, and proximity to major transportation routes.
• Kennett Square: The "Mushroom Capital of the World" with a charming downtown area, local art galleries, and renowned dining experiences.

The Local Economy: Job Prospects in Philadelphia

Philadelphia’s economic strength is a critical motivator for many who choose to move here. The city is home to a blend of established industries and burgeoning technology hubs.

• Healthcare & Life Sciences: Includes major employers like GlaxoSmithKline, Jefferson Health, and the Penn Medicine.
• Education: The city houses leading institutions such as the University of Pennsylvania, Drexel University, and Temple University, serving as both major employers and talent incubators.
• Technology: Tech startups and innovative firms are growing, with hubs like uCity Square driving expansion in this sector.

How to Make the Transition Seamless for New Residents

Relocating to a new city is exciting, but it can also be overwhelming. Below are a few tips to help you settle into Philadelphia effortlessly.

Navigating Philadelphia Real Estate

• Use Market Insights: Leverage resources like BrightMLS to understand pricing trends and hot neighborhoods.
• Talk with Real Estate Professionals: Connect with agents who specialize in finding homes aligned with your lifestyle and long-term goals.

Finding a Job

• Explore career fairs hosted by organizations like the PhiladelphianOffice of Human Resources or browse opportunities on platforms such as PA CareerLink. Attend networking events organized by groups like Philly Startup Leaders to connect with industry experts and build meaningful professional relationships.

Getting to Know the Community

• Explore local platforms like Visit Philadelphia.
• Attend community festivals like the South 9th Street Italian Market Festival or Philadelphia Film Festival, which help foster social connections.

Stories of New Residents

Recent transplants have experienced the city’s charm firsthand. For example, Emily, a remote tech worker who moved from New York City, shares how she enjoys vibrant city living without the strain of Manhattan's cost. On the other hand, David, an investor, recognizes the value of his Brewerytown property appreciating nearly 30% in under three years. They both agreed—Philadelphia is a city brimming with opportunity for professionals and families alike.

Why Philadelphia Is the Right Move for You

Philadelphia is much more than an affordable city with job opportunities. It's a diverse, culturally rich, and thriving metropolis offering clear benefits to newcomers, families, and entrepreneurs alike. Whether you’re seeking your next career move, a welcoming neighborhood for your family, or savvy real estate investments, the City of Brotherly Love offers the perfect balance of prospects and lifestyle.

When considering which neighborhood is right for you, it's important to think about your lifestyle and priorities. Are you looking for an urban environment with a bustling nightlife? Or do you prefer a quieter, residential community? Are you drawn to historic charm or modern amenities?

In addition to these factors, it's also essential to consider your budget and future plans. Some neighborhoods may be more affordable now but have rising property values that could make them less accessible in the long term.

If Philadelphia is calling your name, make your move with confidence. Start exploring neighborhoods, job opportunities, and real estate options today!

Stephanie Biello

267.322.9814

[email protected]