Because of the Hudson Valley location's proximity to New York City, most of its cities are included in the Top 10 most expensive places to raise a family in the United States.
Based on the report by Hudson Valley News Network, five out of the 10 listed are found in the state of New York. However, even if NYC is on the list, it is not the most expensive in the entire country and not even the priciest in the state.
According to Market Watch, Nassau-Suffolk is the most costly New York area when it comes to raising a family. However, it is only number two in the list. To be able to raise two kids in Nassau-Suffolk, the household needs to at least have $103,606 a year. $19,356 of this sum goes to renting a home and $16,822 is paid on taxes.
Westchester County in New York is the third in the top 10 list. The report said that an average of $99,592 a year is spent to be able to live with a family of four in this location. Just like Nassau-Suffolk residents, a big sum of money goes to paying taxes, which is approximately $15,589 per year.
New York City sits only at number four with an average of $98,722 total cost of living with a small family. What makes NYC more livable compared to the two New York counties is that people have more access to public transportation, which cuts the cost spent in fuel when using a private transportation.
Poughkeepsie-Newburgh-Middletown and Ithaca come in seven and eight, respectively. A family of four needs around $92,837 to be able to live in Middletown while $92,603 is needed to be able to meet the demands of living in the region where Cornell University is found.
Washington D.C. tops the list of most expensive places in the United States to raise a family. The area where the president of the country lives requires a family with two children to shell out $106,493 to be able to live in the city.