The Philadelphia region is comprised of 11 counties across three states: Southeastern Pennsylvania, Southern New Jersey, and Northern Delaware.
The region has a population of 6.1 million people and a workforce of over 3 million people.
Philadelphia is the nation’s 4th largest media market.
There are 40+ Fortune 1000 and large international or private companies headquartered in the region.
The City of Philadelphia is located at the geographic center of the region:
With a population of 1.6 million, Philadelphia is the 2nd largest city on the East Coast.
Philadelphia ranks as the 6th largest city in the U.S.
Philadelphia’s population is more than two times that of Boston and Washington, D.C.
Center City Philadelphia contains the largest residential downtown in the nation, after Manhattan.
Philadelphia is an affordable place to live and do business, particularly when compared to its East Coast peer cities:
Based on labor, taxes, and facilities, the cost of doing business in East Coast peer cities is an average of 33% more than in Philadelphia: New York is 59% more expensive, Boston is 26% more expensive, and D.C. is 14% more expensive.
The average Class A office space in Philadelphia leases for $31 per square foot (PSF), compared with $80 PSF in New York, $68 PSF in D.C., and $61 PSF in Boston.
The average business saves 16% on employee salaries in Philadelphia relative to its East Coast peer cities.
Philadelphia sits at the heart of the talent-rich Northeast corridor. Within 150 miles of Philadelphia, there are:
8.5 million workers in management, business, science and the arts; 6 million bachelor’s degree holders; 4.5 million graduate degree holders; and 8.5 million immigrants.
More top-100 universities than in any other region in the country
One-quarter of the Fortune 500 companies.
The Philadelphia region has a highly educated population:
35% of those over the age of 25 hold a bachelor’s degree or higher, compared to the national average of 30%.
The Philadelphia region has two of the top three public school districts in the country.
The region is also home to eight of the top 100 private K-12 schools in the country at competitive tuition levels.
The Philadelphia region is home to 100+ colleges and universities (4th highest concentration in the nation), graduating 90,000+ students per year, including:
Two of the top-10 universities in the nation (University of Pennsylvania and Princeton University).
The greatest number of commercially productive, innovation-driving downtown universities of any U.S. metro area.
Over 15,000 STEM graduates (6th highest in the nation).
24,000 F-1 Visa-holding students, of which 60% are pursuing advanced degrees.
The young, diverse, and accessible city of Philadelphia sits at the heart of this region and offers:
The #1 most diverse STEM workforce in the nation.
The fastest-growing millennial population share among the largest U.S. cities.
A perfect 100 on LGBTQ equality, according to the Human Rights Campaign.
The Philadelphia region is strategically located:
Philadelphia is 75 minutes from New York and 100 minutes from Washington, D.C. by train. By 2021, Amtrak will increase service capacity by 40% and decrease the average travel time to New York to 62 minutes.
One-quarter of the U.S. population is reachable within a five-hour drive of Philadelphia, with convenient access to I-95, I-80, I-78, and the PA and NJ Turnpikes.
Access to domestic and global markets is easy from Philadelphia:
The city is a major travel gateway with 500 daily flights, including the West Coast of the U.S. Canada, Mexico, Europe, and the Middle East.
Philadelphia International Airport (PHL) is the transatlantic hub for the world’s largest carrier (American Airlines).
The Philadelphia region contains two Class 1 freight railways and three major ports.