The Least Affordable Places for Single Parents
by Nick Selbe
Raising a family is hard enough as it is, let alone doing so as a single parent. CareerTrends found the least affordable places for single parents.
Any parent knows that raising a child is the biggest financial strain one can undertake. Many advocate for increased government welfare for low-income parents, as more than 5 million babies aged 3 or younger are living in households struggling to pay for basic needs, including providing the necessary supply of diapers.
With this in mind, CareerTrends -- an employment and career research site powered by the Graphiq network -- found the least affordable places for single parents. The data comes from the Economic Policy Institute's 2015 Family Budget Calculator, which provides an estimate of community-specific costs of childcare, food, healthcare, housing, taxes, transportation and other necessities for different family sizes across 618 locations. The list ranks locations by the monthly dollar amount required for a single adult with two children to meet a secure yet modest living standard. The EPI assumes the ages of the two children to be 4- and 8-years-old.
The national average for the cost of living of single parents under these parameters is $4,818 per month. Six locations have monthly budgets of over $7,000, with Washington, D.C. leading the way at $8,669 per month.
Among the top 50 most expensive locations, most are located in the Northeast, and all have a monthly budget of over $5,400. Four of the top 10 places are located in New York, which features 12 areas in the overall top 50.
Note: In the event of ties, the location with the highest population is ranked higher on the list.
- The Least Affordable Places for Single Parents
- Most Expensive Metro Areas to Live In
- Cities With the Highest Rent
- Places with the Highest Cost of Living
- Cities With the Greenest Commutes
- Upgrades For Under $5,000 To Put Your Home At The Top of Every Buyer's List
- Home-Improvement Projects To Help Sell Your Home
- Termites 101: What Every Homebuyer Should Know
- Tips To Sell Your Home
- Spec Homes Pushing Higher
- A Slice of the European Dream
- Not Your Typical Open House
- Top 3 Things New Home Buyers Need to Know Before Buying
- 5 Creative Ways Video Has Been Used to Sell Houses
- Home Buying: It Isn't Just For Men Anymore
- Buyers Take Homes for a Test-Drive
- Should You Hire a Real Estate Agent?
- The Mega-Mansion Is Back
Real Estate: "The Least Affordable Places for Single Parents"