Living in a city can be expensive, with everything from rent to the average grocery bill eating up your savings and possibly preventing you from saving up for that first down payment. And, if that weren’t enough, those costs are going up faster in some cities.
In its latest study, GOBankingRates examined the cost of living in 50 major U.S. cities and found which ones experienced the biggest jumps in the cost of living from 2017 to 2018.
The study looked at the amount needed to pay for necessities such as food, rent, utilities, transportation and healthcare, as well as the amount one should budget toward savings and discretionary spending. These costs were then consolidated into a “live comfortably” income to determine the places in America that are getting more expensive.