The Entrepreneurs Weekly
No Result
View All Result
Saturday, May 31, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Monthly Costs of the 10 Most Expensive Cities in US: Guide | Entrepreneur

by Brand Post
February 9, 2024
in Business
0
Monthly Costs of the 10 Most Expensive Cities in US: Guide | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


This article originally appeared on Business Insider.

Six of the 10 most expensive US metros for families are in California.

Business Insider looked at the monthly costs for households with two adults and two children from the Economic Policy Institute’s “Family Budget Calculator.” EPI assembled data from multiple sources and looked at several kinds of expenses a household may have.

“The Family Budget Calculator is constructed to determine the resources needed to generate a decent standard of living, one in which a family can afford the basic necessities,” a post from EPI said.

BI looked at families where the parents are “employed, live together with their children, and jointly file federal income taxes.” There are assumptions about children’s ages too: “Families with two children are assumed to have a 4-year-old and an 8-year-old,” a EPI post said.

There are also some assumptions for the various expense categories, such as for healthcare. The budget calculator notes that these “expenses include insurance premiums and out-of-pocket costs, and assume families purchase the lowest cost bronze plans on the health insurance exchange established under the Affordable Care Act.”

The EPI post about the calculator noted that data is for 2023 or when needed “inflated to 2023 dollars with the budget-item-appropriate inflator.”

San Francisco ranked No. 1 — or the most expensive among the metros analyzed by EPI — based on its monthly total cost of around $15,000. With a monthly cost of over $3,000 for housing, based on the cost of a two-bedroom apartment, this was the largest monthly expense among the seven categories for this area.

San Francisco wasn’t the only one with a large monthly housing expense compared to other expenses. Stamford-Norwalk, Connecticut, had a housing expense of $2,563 for a two-adult, two-child family, making it its largest monthly expense among the seven categories EPI focused on.

Other metros saw childcare as the highest expense. Childcare was the largest monthly expense among the seven categories for Nassau-Suffolk, New York, for instance.

People may be finding it difficult to afford certain items. Fed Chair Jerome Powell said in a recent 60 Minutes interview that “if you think about the basic necessities” like bread and milk, “prices are substantially higher than they were before the pandemic.”

“We think that’s a big reason why people are, have been relatively dissatisfied with what is otherwise a pretty good economy,” Powell said.

Parents and guardians also have to think about the cost and type of childcare they need. For some people, childcare is a massive expense and could be larger than their other costs.

“It’s almost like $2,000 more than our mortgage,” Paige Connell, who has four children, previously told Business Insider. “I mean, that is a pretty significant dollar amount for us. It is the thing that we pay the most money for, for sure.”

Below are the most expensive metros ranked based on the monthly total for two adults and two children according to EPI. The dollar amount next to the metro is the monthly total of the costs for this household.

10. Boston-Cambridge-Quincy, MA: $12,725

John Coletti/Getty Images via BI

Housing: $2,635

Food: $1,198

Transportation: $1,434

Healthcare: $1,244

Other necessities: $1,357

Childcare: $2,635

Taxes: $2,222

9. Napa, CA: $12,765

Napa, California

DenisTangneyJr/Getty Images via BI

Housing: $2,388

Food: $1,261

Transportation: $1,710

Healthcare: $1,599

Other necessities: $1,292

Childcare: $2,311

Taxes: $2,204

8. Santa Maria-Santa Barbara, CA: $12,901

Santa Barbara, California

Alexander Spatari/Getty Images via BI

Housing: $2,667

Food: $1,046

Transportation: $1,641

Healthcare: $1,685

Other necessities: $1,315

Childcare: $2,301

Taxes: $2,246

7. Westchester County, NY: $12,960

Mamaroneck, Westchester County, New York

Alex Potemkin/Getty Images via BI

Housing: $2,029

Food: $1,173

Transportation: $1,382

Healthcare: $1,791

Other necessities: $1,134

Childcare: $3,096

Taxes: $2,357

6. Oakland-Fremont, CA: $12,972

Oakland, California

Brad Wenner/Getty Images via BI

Housing: $2,405

Food: $1,200

Transportation: $1,566

Healthcare: $1,594

Other necessities: $1,276

Childcare: $2,662

Taxes: $2,268

5. Stamford-Norwalk, CT: $13,101

Aerial view of Stamford, Connecticut

halbergman/Getty Images via BI

Housing: $2,563

Food: $1,183

Transportation: $1,503

Healthcare: $2,032

Other necessities: $1,326

Childcare: $2,070

Taxes: $2,424

4. Nassau-Suffolk, NY: $13,565

View of part of New York

littlenySTOCK/Shutterstock via BI

Housing: $2,297

Food: $1,132

Transportation: $1,584

Healthcare: $1,675

Other necessities: $1,214

Childcare: $3,137

Taxes: $2,526

3. San Jose-Sunnyvale-Santa Clara, CA: $13,752

San Jose, California

Walter Bibikow/Getty Images via BI

Housing: $2,941

Food: $1,183

Transportation: $1,566

Healthcare: $1,366

Other necessities: $1,460

Childcare: $2,726

Taxes: $2,509

2. Santa Cruz-Watsonville, CA: $14,509

Santa Cruz, California

Housing: $3,293

Food: $1,269

Transportation: $1,652

Healthcare: $1,608

Other necessities: $1,615

Childcare: $2,343

Taxes: $2,728

1. San Francisco, CA: $15,106

San Francisco

Alexander Spatari/Getty Images via BI

Housing: $3,188

Food: $1,333

Transportation: $1,494

Healthcare: $1,682

Other necessities: $1,601

Childcare: $2,900

Taxes: $2,909



Source link

Tags: Business NewsCitiesCostsentrepreneurExpensiveExpensive CitiesGuideHousing PricesLivingMonthlyNews and TrendsReal Estate

Related Posts

This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur
Business

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur
Business

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025
Improve Your Productivity with Windows 11 Pro for Just  | Entrepreneur
Business

Improve Your Productivity with Windows 11 Pro for Just $15 | Entrepreneur

May 31, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025
Improve Your Productivity with Windows 11 Pro for Just  | Entrepreneur

Improve Your Productivity with Windows 11 Pro for Just $15 | Entrepreneur

May 31, 2025
Turn Your Side Hustle Into a 7-Figure Business With These 4 AI Growth Hacks | Entrepreneur

Turn Your Side Hustle Into a 7-Figure Business With These 4 AI Growth Hacks | Entrepreneur

May 31, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In