Urban Living Comes at a Price for Families

By
Real Estate Broker/Owner with The Celtic Connection Realty BR545869000

Living an urban lifestyle comes at a price, especially for homeowners with children, according to a recent report by Care.com and Zillow.

Between child care, a mortgage and property taxes, households with children in the city spend over $9,000 more each year, on average, than households with children in the suburbs, racking up $43,000-plus in annual expenses. The difference is wider in many of the nation’s largest metropolitan areas, including:

Chicago, Ill.
City: $67,266 (Annual Cost of Child Care, Mortgage and Property Taxes)
Suburb: $48,794
Cost Difference: $18,472

Dallas-Fort Worth, Texas
City: $44,843
Suburb: $30,715
Cost Difference
: $14,128

New York, N.Y.
City: $123,158
Suburb: $51,921
Cost Difference: $71,237

In some metropolitan areas, however, costs are less in cities:

Baltimore, Md.
City: $24,271
Suburb: $35,061
Cost Difference: $10,790

Philadelphia, Pa.
City: $25,155
Suburb: $39,014
Cost Difference: $13,859

“Deciding whether to live in the city or suburbs is a personal choice, but when you do the math, it’s easy to see why moving to the suburbs is about more than just a bigger yard—it can also save you a lot of money,” says Dr. Svenja Gudell, chief economist at Zillow. “More than a third of families exceed their initial budget when buying a home, according to the Zillow Group Consumer Trends Report, so before embarking on a move, consider the cost of living beyond just the home’s sticker price.”

Source: RIS Media

Ed and Celia Maddox

 

Ed and Celia Maddox

The Celtic Connection Team

Solutions Real Estate

Edward Maddox, Associate Broker, MRE, GRI, ABR

The Celtic Connection Realty Team - We Take the High Road

Solutions Real Estate - Multi-Million Dollar Producers 2004-2016

Direct: 480-987-9322  Cell: 480-612-7968  Fax: 800-410-9607

To search for homes go to our web sites:

http://www.QueenCreekRealEstateSolution.com (includes San Tan Valley)

http://www.JohnsonRanchRealEstateExpert.com

Contact us to set up search for any other areas of Phoenix AZ

 

A FEW OF OUR TESTIMONIALS (Additional ones upon request)

 

Nicole Marr

Celia and Ed Maddox were wonderful to work with. They were extremely patient with me and very flexible with showing houses. It's nice to work with a husband and wife team because it really is twice the service! They complement one another nicely and both bring different perspectives to the table so you get very well rounded views and opinions from them both. I plan on staying in my home for many years, but if I ever do buy or sell again in the future I will definitely use Ed and Celia!

 

Ron and Ellen Littlejohn

Thanks so much for all your help with the purchase of our new home.

 

 

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Edward and Celia Maddox, Associate Broker, MRE, GRI, ABR
The Celtic Connection Realty - We Take the High Road
Solutions Real Estate - Multi-Million Dollar Producers 2004-2011
Direct: 480-987-9322 Cell: 480-612-7968
Fax: 800-410-9607

 

 

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Harry F. D'Elia
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We all have to count the cost no matter where we live in America

Mar 20, 2017 08:16 AM #1
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Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Thanks for comment.

Mar 21, 2017 07:25 AM #2
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