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Regional Data > Quickfacts

Quick Facts About Greater Philadelphia
  • 4th largest metropolitan region in the U.S. population, following New York, Los Angeles and Chicago
  • 2nd largest region on the East Coast in employment and population
  • 5th largest region in personal income
  • 4th largest total employment of U.S. large metro areas with a total of 3.0 million jobs
  • Total population in 2007 of 6.1 million people
  • 6th highest gross metro product in the U.S.
  • 5th largest total personal income in the U.S.
  • 4th largest media market in the U.S.
  • Low cost of living
  • Personal-adjusted income ranks just behind Washington, D.C.
  • Offers one of the lowest rents among northeastern MSAs with an average Class A rent of approximately $26/sq. ft.
  • Offers the second lowest rental rate per square foot for Class B space at under $22/sq. ft.
  • Philadelphia's Amtrak station is the third busiest in the country
  • Home to three major shipping ports
  • 92 colleges and universities
  • Public schools ranked 5th best among large MSAs by Expansion Management Magazine, June 2006.
  • Well-positioned to succeed in the global marketplace in four key industries: Life Sciences, Chemicals, Financial Services and Information Technology
  • Ranked top for current impact in the Life Science industry by the Milken Institute's 2005 report 
  • About Inc. rated Philadelphia as one of the top walking cities in the U.S.
  • Bicycling Magazine rated Philadelphia as a runner-up as best cycling city in the U.S.
  • Forbes Magazine ranked downtown Philadelphia as one of the top places for singles
  • Money Magazine named Moorestown, NJ as "best place to live" in 2005
  • Downtown Philadelphia ranked number six by Sperlings Best Places, Best Cities for Seniors

Sources: U.S. Census Bureau, 2006 Population Estimates.  Bureau of Economic Analysis, 2006.  The Role of Metro Areas in the U.S. Economy.  The U.S. Conference of Mayors, 2006.  National Association of Home Builders/Wells Fargo Bank, March 2007.  Studley Report, 4Q 2005.  CB Richard Ellis, 2006 Q4.  Grubb and Ellis, 2006 Q4. Global Insights, 2007.

 



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