SAN FRANCISCO (KRON) — San Francisco made the list of the most expensive places to raise a family in the U.S.
While Bay Area residents may not be shocked by the findings, some may be surprised to see where the city by the bay landed on the list of top ten.
San Francisco has some of the most expensive housing in the country, but the city took only the No. 9 spot on the rankings.
Housing was one of the factors measured in the study by the nonprofit think tank, the Economic Policy Institute, which reviewed 618 metro areas. Researchers also calculated other costs of living including child care, food, transportation, health care and other necessities (such as school supplies and clothing).
For a two-parent, two-child household, housing accounts for 25.6 percent of a family’s budget in San Francisco, according to the data. But the city didn’t come in higher in the rankings because the cost of housing was offset partially by child care costs that are much lower than in many areas of New York. Researchers found that child care is the single most expensive line item for families.
Topping the list: Washington, D.C., Nassau-Suffolk, N.Y., and Westchester County, N.Y.
The study found that the amount that a two-parent, two-child family needs just to pay the bills (not considering having money left over for savings) ranges from about $50,000 to more than $100,000 depending on where a family lives.