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Regional Data > Market Position

Put Yourself in the Middle of America's Most Important Location, at a Lower Cost

Market Position
The Greater Philadelphia’s location is a prime asset -- strategically positioned between the financial capital of the world (New York City) and the political capital of the world (Washington D.C.). You will be close to customers, partners and world-class transportation links.

You'll have access to:

  • Highly skilled labor force
  • Excellent telecommunications
  • Some of the Mid-Atlantics most affordable office space

Market Access

  • 100 million people are within a one-day drive
  • New York City and Washington D.C. are within a 2.5 hour drive
  • West Coast, Europe and South America are accessible via non-stop, 6-hour flights
  • Ranks as the least congested of the top ten U.S. metros (business and personal travelers spend less time in traffic tie-ups and benefit from the lowest congestion costs**)

Market Power

  • 6th highest gross metro product.
  • 4th largest total personal income.
  • 4th largest media market.
  • A large market and a major economic force with a total 2005 population of 6.1 million people and total employment in 2006 of 2.9 million jobs. 
  • 2nd largest on the East Coast in terms of employment, population and income. 
  • 4th largest metropolitan region in the U.S. population, following only New York, Los Angeles and Chicago.

*Source: The Claritas demographic data based was used to estimate the total population, households and income located within a 200-mile radius of downtown Philadelphia; estimates were also derived for 10 other large cities (New York, Washington, D.C., Boston, Atlanta, Detroit, Chicago, Houston, Dallas, Los Angeles and San Francisco).
**Source: Texas Transportation Institute - 2005 Urban Mobility Study

 



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