Fishtown, Philadelphia, has transformed into a vibrant neighborhood known for its eclectic dining scene, artistic vibe, and convenient transportation options. However, these amenities come with a cost. Let’s explore the expenses associated with living in Fishtown, focusing on rent, dining, and transportation.
Renting in Fishtown
The rental market in Fishtown reflects its growing popularity. Here’s a breakdown of average monthly rents:
Apartment Size |
Average Rent |
|---|---|
Studio |
$1,304 |
1 Bedroom |
$1,748 |
2 Bedrooms |
$2,617 |
3 Bedrooms |
$2,910 |
These figures indicate that Fishtown’s rental prices are higher than the Philadelphia average, with one-bedroom apartments costing approximately $1,748 per month.
Dining Out
Fishtown boasts a diverse culinary scene, offering options from casual eateries to upscale restaurants. Here’s what you can expect to spend:
- Inexpensive Restaurant Meal: Around $15 per person
- Mid-Range Restaurant (3-course meal for two): Approximately $60
- Domestic Beer (pint): About $5
- Cappuccino: Roughly $4.50
While dining costs can vary, Fishtown’s prices are generally comparable to other trendy Philadelphia neighborhoods.
Transportation Costs
Fishtown offers various transportation options:
- Public Transit: A monthly SEPTA TransPass costs $96, providing unlimited rides on buses, trolleys, and subways.
- Gasoline: Approximately $3.61 per gallon.
- Parking: Street parking is available but can be competitive; some areas may require permits.
Many residents utilize public transportation or biking, given Fishtown’s proximity to Center City and its walkability.
Overall Cost of Living
Fishtown’s cost of living index is 126, indicating it’s 26% higher than the national average. This increase is primarily due to housing costs, which are 77% above the national average.
Living in Fishtown offers a dynamic urban experience with a rich dining scene and accessible transportation. However, prospective residents should be prepared for higher living costs, particularly in housing. Budgeting accordingly will ensure you can fully enjoy all that Fishtown has to offer.