Study: NYC 4th most expensive place to raise family

A new study ranks New York City as the fourth most expensive place in the country to raise a family. The study, conducted by the

A new study ranks New York City as

A new study ranks New York City as the fourth most expensive place in the country to raise a family. (Credit: News 12 )

BROOKLYN - A new study ranks New York City as the fourth most expensive place in the country to raise a family.

The study, conducted by the Economic Policy Institute, looked at 618 metropolitan areas around the country. It found that most parents need to earn between $50,000 and $100,000 per year to pay the bills for a family of four.

Washington, D.C. came in as most expensive place to raise a family. Long Island's Nassau and Suffolk counties came in as No. 2, and Westchester County came in third.

The study also found that the overall cost of living for a New York City family of four is about 55 percent more than for a family in an average budget area.

The institute's website includes a family budget calculator to break down monthly costs for what they say is a secure standard of living.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets of Brooklyn to 1 Word on the Street: Leggings on a plane
Jeffrey Rice of Huntington Station will be arraigned 2 DA: Man indicted for violent Thanksgiving home invasion
Police have released surveillance video of a suspect 3 The Buzz: Brooklyn deli shooting suspect
Ray Navarette is among the Long Island Ducks' 4 Legendary LI Duck lands in Bloomingdales with clothing line
Troy Ramey of Sea Cliff competes on NBC's 5 Long Islander competes on 'The Voice'

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE