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 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.


sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."