ITHACA, N.Y. — On par with other lists, Ithaca recently was named the eighth most expensive city to raise a family in the United States.
The list was complied using data from nonprofit think tank the Economic Policy Institute.
According to the MarketWatch website, the study measured the cost of living in each area based on costs of housing, child care, food, transportation, health care and other necessities (such as school supplies and clothing), and taxes.
The following are the top 10 most expensive places for a two-parent household with two children to raise a family, including the average cost of living in the city:
- Washington, D.C. ($106,493 )
- Nassau-Suffolk, N.Y. ($103,606)
- Westchester County, N.Y. ($99,592)
- New York City ( $98,722)
- Stamford-Norwalk, Conn. ($97,350)
- Honolulu ($94,092)
- Poughkeepsie-Newburgh-Middletown, N.Y. ( $92,837)
- Ithaca, N.Y. ($92,603)
- San Francisco ($91, 785)
- Danbury, Conn. ($89,000)
The data states that childcare costs and high taxes contribute to five of the 10 cities being from New York.
Want to see where your household could get the most bang for its buck? Check out the Family Budget Calculator, which, “measures the income a family needs in order to attain a modest yet adequate standard of living.”