This article originally appeared on Business Insider.
Six of the 10 most expensive US metros for families are in California.
Business Insider looked at the monthly costs for households with two adults and two children from the Economic Policy Institute’s “Family Budget Calculator.” EPI assembled data from multiple sources and looked at several kinds of expenses a household may have.
“The Family Budget Calculator is constructed to determine the resources needed to generate a decent standard of living, one in which a family can afford the basic necessities,” a post from EPI said.
BI looked at families where the parents are “employed, live together with their children, and jointly file federal income taxes.” There are assumptions about children’s ages too: “Families with two children are assumed to have a 4-year-old and an 8-year-old,” a EPI post said.
There are also some assumptions for the various expense categories, such as for healthcare. The budget calculator notes that these “expenses include insurance premiums and out-of-pocket costs, and assume families purchase the lowest cost bronze plans on the health insurance exchange established under the Affordable Care Act.”
The EPI post about the calculator noted that data is for 2023 or when needed “inflated to 2023 dollars with the budget-item-appropriate inflator.”
San Francisco ranked No. 1 — or the most expensive among the metros analyzed by EPI — based on its monthly total cost of around $15,000. With a monthly cost of over $3,000 for housing, based on the cost of a two-bedroom apartment, this was the largest monthly expense among the seven categories for this area.
San Francisco wasn’t the only one with a large monthly housing expense compared to other expenses. Stamford-Norwalk, Connecticut, had a housing expense of $2,563 for a two-adult, two-child family, making it its largest monthly expense among the seven categories EPI focused on.
Other metros saw childcare as the highest expense. Childcare was the largest monthly expense among the seven categories for Nassau-Suffolk, New York, for instance.
People may be finding it difficult to afford certain items. Fed Chair Jerome Powell said in a recent 60 Minutes interview that “if you think about the basic necessities” like bread and milk, “prices are substantially higher than they were before the pandemic.”
“We think that’s a big reason why people are, have been relatively dissatisfied with what is otherwise a pretty good economy,” Powell said.
Parents and guardians also have to think about the cost and type of childcare they need. For some people, childcare is a massive expense and could be larger than their other costs.
“It’s almost like $2,000 more than our mortgage,” Paige Connell, who has four children, previously told Business Insider. “I mean, that is a pretty significant dollar amount for us. It is the thing that we pay the most money for, for sure.”
Below are the most expensive metros ranked based on the monthly total for two adults and two children according to EPI. The dollar amount next to the metro is the monthly total of the costs for this household.
10. Boston-Cambridge-Quincy, MA: $12,725
John Coletti/Getty Images via BI
Housing: $2,635
Food: $1,198
Transportation: $1,434
Healthcare: $1,244
Other necessities: $1,357
Childcare: $2,635
Taxes: $2,222
9. Napa, CA: $12,765
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Housing: $2,388
Food: $1,261
Transportation: $1,710
Healthcare: $1,599
Other necessities: $1,292
Childcare: $2,311
Taxes: $2,204
8. Santa Maria-Santa Barbara, CA: $12,901
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Housing: $2,667
Food: $1,046
Transportation: $1,641
Healthcare: $1,685
Other necessities: $1,315
Childcare: $2,301
Taxes: $2,246
7. Westchester County, NY: $12,960
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Housing: $2,029
Food: $1,173
Transportation: $1,382
Healthcare: $1,791
Other necessities: $1,134
Childcare: $3,096
Taxes: $2,357
6. Oakland-Fremont, CA: $12,972
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Housing: $2,405
Food: $1,200
Transportation: $1,566
Healthcare: $1,594
Other necessities: $1,276
Childcare: $2,662
Taxes: $2,268
5. Stamford-Norwalk, CT: $13,101
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Housing: $2,563
Food: $1,183
Transportation: $1,503
Healthcare: $2,032
Other necessities: $1,326
Childcare: $2,070
Taxes: $2,424
4. Nassau-Suffolk, NY: $13,565
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Housing: $2,297
Food: $1,132
Transportation: $1,584
Healthcare: $1,675
Other necessities: $1,214
Childcare: $3,137
Taxes: $2,526
3. San Jose-Sunnyvale-Santa Clara, CA: $13,752
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Housing: $2,941
Food: $1,183
Transportation: $1,566
Healthcare: $1,366
Other necessities: $1,460
Childcare: $2,726
Taxes: $2,509
2. Santa Cruz-Watsonville, CA: $14,509
Housing: $3,293
Food: $1,269
Transportation: $1,652
Healthcare: $1,608
Other necessities: $1,615
Childcare: $2,343
Taxes: $2,728
1. San Francisco, CA: $15,106
Alexander Spatari/Getty Images via BI
Housing: $3,188
Food: $1,333
Transportation: $1,494
Healthcare: $1,682
Other necessities: $1,601
Childcare: $2,900
Taxes: $2,909
