According to a new article from Forbes Magazine, Houston now ranks 8th as one of the costliests cities to live in the US. Commuting costs literrally drove Houston in the top 10 nationally. This is just after an article by Forbes earlier this month that ranks Houston as the best place to buy a home given its relatively affordable housing and booming energy economy right now.
Forbes concluded "the city lacks a useful, extensive or reliable mass-transit system," and on average, 20.9 percent of Houstonians' expenses go toward transportation.
To come up with the rankings, human resources consultants Mercer measured the prices of the same basket of goods in 253 cities. The basket consists of more than 200 products, including items like rent for a luxury apartment to the cost of a fast-food hamburger.
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