Basic Living Expenses Are Much Higher In Cities Than In Suburbs

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March 07, 2017

Households spend $9,073 more a year on average to cover living costs in urban areas than in suburbs.

New analysis from Zillow and found that city living is most expensive in New York City, where people can save around $71,000 a year by living in the suburbs instead. Chicago, Dallas, and Washington, D.C., are among the other metros where suburbia is cheaper than the city.

Home costs are a big part of the equation. Nationally, the median property taxes and mortgage payments on an urban home totals more than $22,000 a year, which is $7,000 more than the median homeowners would spend on a suburban home.

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