|September 17, 2021|
Inland Empire ranked on household bills, child-raising costs
INLAND EMPIRE – (INT) – A new report confirms that it’s not cheap to live here.
doxoINSIGHTS' found that the Riverside-San Bernardino-Ontario area ranks 11th highest on a nationwide list of fifty cities. The average Inland Empire household monthly pays $1,969. That is 4.2% higher than the national average of $1,889.
Residents of San Jose, California, pay the highest monthly bills out of these 50 metros, at an average of $2,491 in monthly expenses, or 31.8% higher than the national average of $1,889.
The report also shows that smaller cities in the Northeast are the least expensive in doxo’s Top 50 rankings. Buffalo, New York residents pay the least in average monthly expenses, at $1,348, which is 28.6% lower than the national average.
LendingTree found that California is the 6th-most expensive state to raise a child. It costs $23,586 annually to raise a child in California. Infant daycare costs $16,452 alone.
The average essential costs to raise a child jumped 25.6% nationally between 2014 and 2019. Expenses totaled $16,040 in 2014, versus $20,152 in 2019.
Washington, D.C. is the most expensive place to raise a child. Basic annual expenses to raise a child (including day care) equal $28,785 in the District of Columbia, more than any other state.
Mississippi is the least expensive state to raise a child. It cost $13,596 to raise a child in the Magnolia state.
Story Date: September 17, 2021