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Old 02-03-2007, 02:31 PM
 
Location: Pennsylvania
548 posts, read 1,835,315 times
Reputation: 115

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Hello all,

I am originally from Long Island and I've been living in Ohio for the past 8 years (post college). I am looking to move my family (wife, baby) back closer to the family in New York. I can't really afford Long Island or either North Jersey, so I've been eyeing either the Hartford area of Connecticut, or Philly.

My concern is the economic stability in Philly. Are companies growing or moving out of town? I have a white-collar job in IT, and I don't want to move to a drowning economy.

What are your thoughts?
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Old 02-05-2007, 09:17 AM
 
Location: Finally escaped from Philly ;-}
1,182 posts, read 1,338,217 times
Reputation: 284
Jobs that are growing are moving out of the city (at least the good-paying ones are). The taxes are just too much for employers and employees. You could work outside the city and use public transportation (Septa) to go back and forth but Septa is very unreliable. Driving is an option but then you have to factor in driving times which can be hair-raising. And that's IF you drive. People that don't are stuck with Septa or have to take a lower paying job in the city. Your best bet is to get a job outside the city so even if you do live in the city, you will save money on taxes.
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Old 02-05-2007, 05:47 PM
 
Location: Villanova Pa.
4,910 posts, read 12,771,485 times
Reputation: 2635
75% of the jobs and people are out in the suburbs. The unemployment rate in the suburbs is below 4% so if you can't find a job you aren't looking very hard.

There are some great middle class suburban towns that are affordable but a huge chunk of the Philly suburbs are just as expensive as NYC metro.

In short the economy is very sound, especially outside the city. Not sure what your economic parameters are but the suburban Philadelphia areas are very healthy and steady. Well worth a look.

Good luck
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Old 02-18-2007, 08:06 PM
 
24 posts, read 145,497 times
Reputation: 19
First off, SEPTA is exactly as reliable as any big city transit agency. They are getting new trains in the next five years and the rail infrastructure is being rebuilt. Center City has big companies that eat up IT workers - Comcast is building it's huge corproate headquarters. If you're an IT pro with some good experience. you'll get a decent job ASAP. If you want to try the burbs, go to the northwest and check out all of the Pharma comps. Philly is just fine for work.
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