REPORT: It Costs More to Live Comfortably in SF and SJ than DC and NY
Where Did We Go?
You might have noticed, but this website has been “silent” for about 8 weeks.
I wanted to apologize for that. It’s the first time in the five years since I began BayBusinessHelp.com that that has happened!
Why did it happen? Well, for two main reasons:
1. First of all, my family and I had a move scheduled for March 1st and it was unexpectedly delayed for 10 days! You can imagine how much case that caused!
2. My family wasn’t the only thing to move! We moved the site to a brand new host and, in the process, discovered some malware had to be removed from another website that I had that was on the same host. So we hired a company to do that and we are now back online!
And THAT’S why things were silent around here! 🙂
Anyway, the good news is that we survived the move and BBH survived. So you can expect regular, weekday posts on BBH again!
Now for today’s post…
It Costs More to Live Comfortably in San Francisco and San Jose than Washington, DC and New York City
GOBankingRates conducted a cost-of-living comparison of the 50 most populous U.S. cities based on the median income by city and the dollar amounts required to cover the cost of necessities, including rent, groceries, utilities, transportation and healthcare in each city.
They calculated the cost of living by using the 50-30-20 budgeting rule. The rule says that 50 percent of income covers necessities, 30 percent covers discretionary items and 20 percent is for savings.
The Three Most Expensive Cities to Live in the U.S. are in the Bay Area
After they did their calculations, San Francisco came out to be the most expensive city to live in $110,357 a year. And San Jose came in second place at $87,153.
