Study: Brooklyn is 2nd most expensive place to live in U.S.

Brooklyn was second to Manhattan on a list of the nation's most expensive places to live.

Brooklyn was second to Manhattan on a list of the nation's most expensive places to live. (4/12/13)

BROOKLYN - A new study shows that Brooklyn is the second most expensive place to live in the United States.

According to the cost of living index provided by the Council for Community and Economic Research, Brooklyn residents are paying more than the rest of the nation for goods and services, second only to Manhattan.

Brooklyn residents responded to the study by saying that they feel like they are being pushed out of their neighborhood. In addition to the rent increasing regularly, many stores are also increasing the price of everyday items like eggs. One store owner said that if they did not increase the prices they would go out of business because of the cost of the establishment's rent.

National figures regarding the cost of living index are published four times per year.

More on this topic

Cost of Living Index Lists BK as No. 2 Most Expensive

COLI

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