I’ve always wondered which life is cheapest for a family. These stats show a pretty dramatic difference.
Experts found that a family who lives in the city will end up spending $9,000 more a year than their counterparts in the suburbs. Families who live in the city spend an average of $43,652 a year on housing and childcare. Shocker!
In the suburbs, families spend $34,579. Still shocked! That’s a ton of dough.
And if you think it’s a trade-off because suburban residents have to drive further to work, commute times generally are the same for both suburban and urban families.
(Money magazine #s)