[By Paul Goddin for Mobility Lab]
The conventional wisdom is that living in the city is much more expensive than living outside of it.
Taxes, entertainment, and groceries all add up to a slightly higher cost of living in the city. Housing, though, is the expense that tips the scales decidedly in favor of the suburbs. Or does it?
With car payments and car costs at their highest levels ever, transportation costs can rebalance the scales in favor of the city. Unfortunately, most people don’t consider the cost of transportation when deciding where to live.