Quick Facts About Greater Philadelphia
Greater Philadelphia is an 11-county neighborhood that encompasses northern Delaware, southern New Jersey and southeastern Pennsylvania.
Our region’s history is built on hard work and invention. And our future is brighter than ever. There has never been a better time to establish and grow a business, and to live, work, create, and innovate in Greater Philadelphia. We’re a thriving metropolitan area that offers all the must-haves for success: unparalleled global access, a world-class talent pool, an attractive cost of doing business, a huge market of customers, and an incredible quality of life.
Regional Snapshot
- 1st in millennial growth rates
- 1st in housing value and opportunity among top metros, according to the National Association of Home Builders
- 2nd lowest office rental rates among top metros
- 3rd largest metro in the Northeast, with $432 billion in Gross Regional Product
- 4th largest media market
- 5th largest population, with 6.3 million people
- 6th largest workforce of just over 3 million, including highly skilled talent in key industries: life sciences, energy and manufacturing, technology, financial services, and more
Strategic Location
- Strategically located between New York City, the nation’s financial hub, and Washington, D.C., the legislative and regulatory center of the U.S.
- At the core of the country’s wealthiest and most-densely-populated region — 46 million people live within a 200-mile radius, with a combined income of $1.46 trillion
- 11 companies on the Fortune 500 list are headquartered in the region, and on the Fortune 1000 this list expands to 33
Global Access
- Two Class 1 freight railways
- Convenient access to the world via I-95, I-80, I-78, and the NJ and PA Turnpikes
- Three major ports
- Philadelphia International Airport is served by 25 airlines offering 525 daily departures to 130 non-stop destinations and 37 international destinations
- 60% of the U.S. Population is within a two-hour flight
Talented Workforce
- 104 colleges and universities in the region, with 440,000 students and 90,000 degrees awarded annually
- The Nation’s #1 Online MBA Program according to U.S. News & World Report 2015 — Temple University’s Fox School of Business
Innovation and Entrepreneurship
- Named a Top Ten Region for venture capital by the National Venture Capital Association
Quality of Life
- One of the lowest costs of living among large metropolitan statistical areas (MSAs) including Boston, New York, and Washington, D.C.
- Housing prices are lower here than in most other large metropolitan statistical areas (MSAs) including Boston, New York, and Washington, D.C.
- Named one of the Top 10 Places to Relocate to in the U.S. by The Huffington Post (April 2015)
- Millennial population here is growing at a faster rate than in any of the nation’s 30 largest cities
- Public school systems, award-winning private schools, and some of the finest colleges and universities in the nation
- Easy commute, with award-winning transit services
- 6 of our 11 counties are in the top 100 wealthiest counties in the country: Burlington, Gloucester, and Mercer Counties in New Jersey; and Bucks, Chester, and Montgomery Counties in Pennsylvania
