City vs. Suburbs: A New Study Breaks Down Exactly How Much More It Costs For Families To Live An Urb

From million-dollar condos to $8 beers, the bright lights of the big city don’t come cheap. In fact, living in New York City costs a family with young children $71,237 more per year than life in the surrounding suburbs.

That’s according to a joint study by Zillow and that compared the costs of housing, property taxes, and childcare in major cities to their outlying suburbs.

Most urban cores had a higher cost of living than their suburbs, though not by nearly so wide a margin. Chicagoans pay an extra $18,472 a year compared to their suburban peers; in Dallas, the urban premium is $14,128. City living was more expensive in housing hotspots like Seattle ($11,376), San Francisco ($12,560), and Washington ($12,832), too.

Read the source article at Apartment Therapy


Featured Posts
Recent Posts
Search By Tags
No tags yet.

Tami L Barber

NMLS #1030737

(423) 943-9269

Encore Lending Group LLC

NMLS #1249911

206 Wesley St, Johnson City TN 37601

  • w-facebook
  • LinkedIn - White Circle
  • Instagram - White Circle

The information contained in this site has been prepared by an independent third party and is distributed for educational purposes only. This is designed to give helpful tips on the mortgage process and is not intended to give legal advice. Information is considered reliable but not guaranteed. This is not a prequalification, preapproval, loan approval or commitment to lend.