flexiblefullpage - default
Currently Reading

Metros With The Highest Costs Of Living For Four-Person Families

Advertisement
billboard - default

Metros With The Highest Costs Of Living For Four-Person Families

In New York City and a few of its Long Island and Connecticut suburbs, it costs upwards of $95,000 just to pay the bills without setting anything aside for savings.


August 1, 2016
Metros With The Highest Costs Of Living For Four-Person Families
Metros With The Highest Costs Of Living For Four-Person Families

In Washington, D.C., a family of four needs $106,493 just to pay the bills. And that’s without putting anything aside for savings.

MarketWatch found the 10 most expensive places for a two-parent, two-child family in the U.S., and the nation’s capital ranked first.

Using data from the Economic Policy Institute, the study looked at 618 metros and calculated the cost of living in each based on housing, child care, health care, transportation, food, and other necessities. Taxes were also factored in. The cost of living does not count money invested or saved.

New York City and several of its suburbs in Long Island and southwest Connecticut also made the list. Nassau-Suffolk was second, as it takes $103,606 a year for a four-person family there.

Honolulu’s expensive food costs ($11,244), due to shipping expenses, landed it at No. 6, and San Francisco’s high housing costs ($23,472 a year) got it the No. 9 spot.

Read more

Advertisement
leaderboard2 - default

Tags

Related Stories

Economics

Shelter Costs Drive Inflation Higher Than Expected in January

January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening

Economics

Weighing the Effects of the Fed's and Treasury's Latest Announcements

The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady

Economics

NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon

Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic 

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.