Richest Neighborhoods In Philadelphia, PA For 2020


We used science and data to determine which Philadelphia neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Philadelphia.
Richest Neighborhoods In Philadelphia

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Philadelphia has to offer. Where houses go for over 2.41x the national median and household incomes are 1.82x the national median.

But where exactly in Philadelphia do the richest of the rich people live? That would be Chestnut Hill where the median income is a cool $100,099.

Here’s a look at the top 10 richest neighborhoods in Philadelphia out of 56 for 2020.

What’s the richest neighborhood to live in Philadelphia for 2020? According to the most recent census data, Chestnut Hill looks to be the richest Philadelphia neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $764,165. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Philadelphia. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Philadelphia reading, check out the best neighborhoods in Philadelphia and the worst neighborhoods in Philadelphia. Or, for living around Philadelphia, out the best Philadelphia suburbs and the worst Philadelphia suburbs.

For more Pennsylvania reading, check out:

How We Determined The Wealthiest Neighborhoods In Philadelphia For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Philadelphia by median income from highest to lowest. The neighborhood with the highest median income, Chestnut Hill, was named the richest neighborhood in Philadelphia.

The poorest neighborhood? That would be Fairhill.

Now a look at how all the neighborhoods in Philadelphia ranked.

For more Pennsylvania reading, check out:

Detailed List Of The Richest Neighborhoods In Philadelphia For 2020

Rank Neighborhood Median Household Income<
1 Chestnut Hill $100,099
2 Riverfront $94,738
3 City Center East $76,360
4 City Center West $74,773
5 Fairmount-Spring Garden $72,884
6 Schuylkill Southwest $71,943
7 Roxborough $69,711
8 Marconi Plaza-Packer Park $69,608
9 Manayunk $67,074
10 Fishtown $66,975
11 Byberry $63,343
12 Academy Gardens $60,948
13 Fox Chase $60,624
14 Torresdale $60,598
15 Bustleton $59,747
16 Mount Airy $58,968
17 Wharton-Hawthorne-Bella Vista $56,818
18 East Falls $55,225
19 Pennsport-Whitman-Queen $54,536
20 Rhawnhurst $50,959
21 Somerton $49,918
22 Mayfield $48,968
23 Girard Estates $48,702
24 Cedar Brook $46,862
25 Holmesburry-Torresdale $46,772
26 South Philadelphia $45,300
27 Wissanoning $44,320
28 Morris Park $42,528
29 Oak Lane $42,352
30 Kensington $42,035
31 Richmond $41,396
32 Oxford Circle $41,115
33 Summerdale $39,667
34 Eastwick $39,122
35 Point Breeze $37,960
36 Brewerytown $37,606
37 Elmwood $36,424
38 Poplar-Ludlow-Yorktowne $35,486
39 Olney $35,306
40 Wynnefield $35,258
41 Cobbs Creek $33,677
42 Frankford $33,217
43 Juniata Park-Feltonville $31,888
44 Strawberry Mansion $31,085
45 Logan-Fern Rock $30,568
46 Germantown $29,642
47 Haddington-Carroll Park $28,706
48 Grays Ferry $27,936
49 North Central $25,297
50 Alleghany West $25,196
51 Tioga-Nicetown $24,935
52 Belmont $24,652
53 Harrowgate $23,871
54 Hunting Park $23,587
55 Hartranft $20,096
56 Fairhill $19,698

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.