For Most American Families, It Pays to Live in the Suburbs

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Living in a city rather than a suburb can be a costly decision for U.S. families, a new study finds.

It’s typically cheaper for your family to reside in the suburbs than it is to live in the city, according to Zillow and Care.com’s 2017 cost of living report.

The report found that on average, city-dwelling families spend a whopping $9,073 more on basic housing and child care costs than their neighbors in the suburbs.

The cost variance is even more pronounced in places like New York, Chicago and Dallas, where city dwellers spend upward of $71,237 more a year — or about $6,000 extra a month — on their basic expenses, including property taxes, mortgage payments and child care.

However, there are exceptions to the rule that city living is more expensive than suburban life. For example, the report finds that in Baltimore and Philadelphia, suburban-dwelling families can pay $14,000 more annually to live outside of the bustling cities.

The cost of living for families varies significantly depending on where in the U.S. you reside. A separate study from the Economic Policy Institute found that the most expensive city for raising a family is Washington, D.C. A family of four there spends $106,493 annually just to cover their basic needs. As we have reported:

It’s important to note that those figures represent the cost of merely getting by, not the cost of securing a middle-class lifestyle, which typically comes with “rainy day” funds, college savings and retirement accounts.

For more on the topic, check out “10 Cities Where Your Income Is Worth More.”

Are you curious about how much money it takes to meet your family’s basic needs where you live? You can use the Economic Policy Institute’s Family Budget Calculator to get an estimate of the cost of housing, child care, transportation, food, health care, taxes and other necessities in your specific area.

For more on how much U.S. families are forking over to pay their bills, check out “What It Really Takes Just to Get By in America.”

Do you prefer living in the city or the suburbs? Sound off below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 30 Awesome Things to Do in Retirement

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,959 more deals!