Greater Philadelphia is a rapidly growing leader in cell and gene therapy on both the national and global stages, and for the nearly 5,000 employees working in the sector who call the region home, it has proven to be the best of both worlds with attributes that satisfy both your personal and professional life. For those interested in an urban setting, the City of Philadelphia offers world-class research, academic, and medical institutions while maintaining a strong reputation for being accessible, affordable, and livable.
Accessibility. Greater Philadelphia stands out for its innovation “clusters,” like Philadelphia’s University City neighborhood, which contains five research institutions, four hospitals, and three universities. The fast-growing campus at the revitalized south Philly Navy Yard boasts an industrial vibe and location just minutes from both Philadelphia International Airport and the restaurants, bars, and theaters in Center City. The emerging scene in Old City, home to the liberty bell and Independence Hall, is anchored by one of the city’s largest academic medical centers and the Curtis Building, a beautiful historic property now housing state-of-the art wet labs.
Affordability. Out of the United States’ top 10 largest cities, Philadelphia is the most affordable with a median home listing price of $229,900. Renters also benefit from affordable rates, averaging $1,666, and life sciences employees earn an average salary of $118,319 with a consistent YOY increase of 5.5%, making Greater Philadelphia’s affordability unmatched.
Livability. Bursting with amenities that today’s workers crave, the city is home to award winning restaurants and attractions, being ranked by Conde Nast Traveler as one of the top destinations in the world in 2021. The life science hub of University City is teeming not only with scientists and health care professionals, but also with more than 200 restaurants and more than 10 museums and galleries The neighborhood has a high Walk Score of 90, with the rest of the region maintaining a very walkable 79, and for sports fans there’s a stadium district right off of the subway.
Next time we’ll take a look at the surrounding suburbs, which also offer a great place for talent to thrive. To learn more and stay up-to-date on the discoveries and stories emerging from Greater Philadelphia, sign up for our newsletter below or learn more from Select Greater Philadelphia.