The 10 Most Expensive Places to Raise a Family

August 27, 2015

For parents in some U.S. cities, they’d need more than an annual salary of $100,000 to cover all the basics of raising a family with two children.

Based on data released by the nonprofit, nonpartisan think tank Economic Policy Institute, a two-parent, two-child family living in one of the 10 most expensive cities in the U.S. will have a hard time saving, even with a six-figure salary.

“This does not mean a middle-class lifestyle,” says Elise Gould, a senior economist with EPI. “This is just living, no savings.”

The top five cities are, in descending order, Washington, D.C., Nassau-Suffolk, N.Y., Westchester County, N.Y., New York City, and Stamford-Norwalk, Conn.

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