It will only cost you about $49,114 a year to raise a family in Morristown, Tennessee — but if you move to Washington DC, that expense more that doubles, to $106,493.
That's according to the Economic Policy Institute's (EPI) 2015 Family Budget Calculator, which measures the annual cost of necessities for a family to live a secure, yet modest, lifestyle by estimating the costs of housing, food, child care, transportation, health care, other necessities, and taxes.
The EPI gathered data in 618 metro areas throughout the the US for several different family types. Here, we've highlighted the cost of living for a four-person family (two adults, two children) in 20 major US cities.
If you're looking to start a family in an urban area, consider the annual and monthly cost of necessities, and remember, these numbers do not include savings or discretionary spending:
20. Houston, Texas
Estimated cost of annual necessities: $60,608
Estimated cost of monthly necessities: $5,051
19. Cleveland, Ohio
Estimated cost of annual necessities: $60,900
Estimated cost of monthly necessities: $5,075
18. Dallas, Texas
Estimated cost of annual necessities: $61,150
Estimated cost of monthly necessities: $5,096
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