With a population of 5.9 million, the Philadelphia metropolitan area includes parts of Pennsylvania, New Jersey, Delaware, and Maryland, with Philadelphia (1.5 million), Wilmington (72,000), and Atlantic City (40,000) as major cities. Philadelphia, known as Philly or the City of Brotherly Love, has great historic significance after playing a central role in the American Revolutionary War. Both the Declaration of Independence and the Constitution were signed in Philadelphia's Independence Hall.
In 2004, the average personal income for Philadelphia area residents was $38,768, a whopping 17% over the national average. According to the US Department of Commerce's Bureau of Economic Analysis, personal income has grown 6.8% over the past 35 years.
Philadelphia is the home of several major companies, including:
- Boeing (helicopters division)
Other major employers include Amtrak and the area's numerous law firms and universities.
Philadelphia's employment picture is diverse:
- The federal government plays a large role in the area economy with the east coast operations of the United States Mint.
- Nearby Wilmington, Delaware is the center of the country's credit card industry.
- With strong insurance, retail banking, and legal communities, Wilmington is the headquarters for MBNA, Chase Card Services, and ING Direct.
- Atlantic City, located in New Jersey, is a popular tourist destination, known for having the world's longest boardwalk and a multitude of casino resorts, several owned by Donald Trump.
For more information on colleges and universities in Pennsylvania, explore our Pennsylvania state page.