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 Care.com 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.