The Cost of Living in America's Biggest Cities in 2023

Moving to a new city can be exciting, but it's important to consider the cost of living before making any big decisions. A recent study by SmartAsset takes a look at the cost of living in America's biggest cities in 2023.

The study analyzed data such as housing costs, taxes, healthcare expenses, and other factors to determine the cost of living in each city. This can be helpful information for anyone looking to relocate or considering a career change.

According to the study, San Francisco, CA has the highest cost of living in 2023, with an average cost of $117,470 per year for a single person and $263,694 per year for a family of four. Other cities with high costs of living include New York, NY, Washington, D.C., and Boston, MA.

On the other hand, cities with a lower cost of living include Harlingen, TX, where the average cost of living is $26,947 per year for a single person and $60,698 per year for a family of four. Other cities with a lower cost of living include Memphis, TN, and Wichita, KS.

It's important to keep in mind that these numbers are just a guideline, and individual circumstances such as lifestyle, debt, and other factors can greatly affect the cost of living. However, this information can be helpful in making informed decisions about where to live or work.

If you're interested in learning more about the cost of living in your city or in other cities across the country, check out the full study by SmartAsset, which includes a detailed breakdown of the data and methodology used.

Reference: SmartAsset. (2023). The Cost of Living in America's Biggest Cities in 2023. Retrieved from https://smartasset.com/mortgage/the-cost-of-living-in-americas-biggest-cities-2023