Quote:
Originally Posted by TempleGuy1000
Hmm.. Idk guys. I understand the notion that walking around the Back Bay and Rittenhouse might not be all that different in vibes, BUT it's a fact that the average 1 bedroom apartment rent in the Back Bay is $3225. That locks most people out and is certainly 'exclusive' (I didn't mean like actually exclusive like behind a wall, just that costs of entry are high for living). Rittenhouse an affordable $1850. That's $1,375 a month difference, or 75% more expensive. I can't help but feel retailers look at numbers like that and proceed differently. For comparisons sake, the average 1-br costs $1,981 in King of Prussia. More expensive than Rittenhouse!
https://www.zumper.com/rent-research/boston-ma/back-bay
https://www.zumper.com/rent-research/philadelphia-pa/rittenhouse-square
https://www.zumper.com/rent-research/king-of-prussia-pa
You have to be a world-class sucker to be paying $2000 a month to live in KOP and that's the average |
That's because Boston in general is more expensive. Higher wages, higher taxes, higher home prices, higher cost of goods, higher everything. It's not really an apples-to-apples comparison. If you're relocating to Philly from Boston or NYC or DC, SF, Seattle, etc. then yes, under those circumstances, Philly/Rittenhouse is a bargain.
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