If you live in the Bay Area, then you wouldn’t be surprised to hear it is expensive to live here.
But have you ever see the “official” numbers on what it would cost an average family to live here?
Check out this post called “How Much Does It Cost to Live Comfortably in the Bay Area?” by Katrina Schwartz and learn how much it costs a family of four to live in San Francisco…
“Anyone who lives in the Bay Area knows it’s not cheap. Rents in San Francisco are notoriously high and rising, trickling out to affect housing costs around the region. Then there are the great restaurants that must be tried, the health care necessities that must be paid, child care, transportation — and that all adds up. But just how much does it really cost for families to live in various parts of the Bay Area?
“The Economic Policy Institute (EPI), a nonprofit nonpartisan think tank in Washington, DC, has put together abudget calculator to help estimate the income families need to live modestly, but comfortably, in various places. The calculator consists of seven individual components: rent, food, child care, transportation, health care, other items of necessity and taxes.”
Try The EPI Family Budget Calculator And See Your Amount
EPI’s Family Budget Calculator measures the income a family needs in order to attain a secure yet modest living standard by estimating community-specific costs of housing, food, child care, transportation, health care, other necessities, and taxes. The budgets, updated for 2013, are calculated for 615 U.S. communities and six family types (either one or two parents with one, two, or three children).
Photo by bradleygee
- Federal Bank Report On The Current State On The Economy In The Bay Area (baybusinesshelp.c0m)