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In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month -- or about $44,600 per year. Using the 4% rule, that would mean a nest egg of over $1 million would be needed to finance the average lifestyle.
Our cost of living indices are based on a US average of 100. An amount below 100 means Philadelphia, Pennsylvania is cheaper than the US average.A cost of living index above 100 means Philadelphia, Pennsylvania is more expensive. Overall, Philadelphia, Pennsylvania cost of living is 96.20.OST OF LIVING OVERVIEW. Our cost of living indices are based on a US average of 100. An amount below 100 means Philadelphia, Pennsylvania is cheaper than the US average. A cost of living index above 100 means Philadelphia, Pennsylvania is more expensive. Overall, Philadelphia, Pennsylvania cost of living is 96.20.