Brooklyn is nation’s second priciest place to live

New York /
Sep.September 06, 2012 03:30 PM

At one time, people flocked to Brooklyn for more affordable living situations. Now, the borough is the second most expensive place to live in the country, according to a study by the Council for Community and Economic Research cited by the Brooklyn Daily Eagle.

Brooklyn is still cheaper than Manhattan, which topped the list, but compared to other traditionally expensive locales such as Honoloulu, San Francisco and San Jose, the borough is no bargain.

The study surveyed 300 American cities based on the cost of living for people who have a “professional-managerial standard of living.” It considered factors such as prices of housing, groceries, transportation and utilities. The national average score was set at 100.

Brooklyn’s overall cost of living score was 183.4, thanks mostly to a 344.7 score in housing — nearly 3.5-times the national average. Manhattan’s overall score was 233.5. The Washington-based group named Queens the sixth most expensive place to live in the country. [Brooklyn Eagle] — Adam Fusfeld


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Brookfield 's Brian Kingston with 3333 Broadway (Brookfield Asset Management, Street Easy)
Brookfield eyes $400M for massive Harlem rental
Brookfield eyes $400M for massive Harlem rental
Rise of the renderer: How DBOX became the Ferrari of real estate marketing
Rise of the renderer: How DBOX became the Ferrari of real estate marketing
Rise of the renderer: How DBOX became the Ferrari of real estate marketing
Mortgage applications plunge 14%
Mortgage applications plunge 14% in a single week
Mortgage applications plunge 14% in a single week
Town & Country's Judi Desiderio (Getty,  Town & Country Hamptons)
Hamptons, North Fork sales data emerge in wake of computer hack
Hamptons, North Fork sales data emerge in wake of computer hack
From left: Cushman & Wakefield’s Doug Harmon and Adam Spies; American Express CEO Stephen Squeri; and 200 Vesey Street (Getty Images, Cushman & Wakefield, Brookfield Properties, Manhattan College)
American Express to explore headquarters sale, move
American Express to explore headquarters sale, move
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...