Reply to What do people mean when they say that DC is a “high cost of living“ area?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Okay, Lucille Bluth. "How much could a banana cost? Ten dollars?"[/quote]

Lol. This comment wins.

Everything about living in a HCOL is more expensive. Housing, usually income and property taxes, transportation, gas, groceries, restaurants, the movies. And then there is the culture aspect of it - if you live in a NYC or Boston or DC, you’re surrounded by great culture and theater, and will want to partake in those. You’ll be surrounded by wealthier people and tourists who are willing to pay premiums for those services, hence driving up the cost. [/quote]

Many things are more expensive, but some things are cheaper. Transport is way cheaper for us since we can get rid of a car (and drive the other one fewer miles). Insurance costs for us barely changed from rural new england, but we don't fill up every week now. And many things are the exact same cost - pretty much most things from Amazon, white goods, and big box stores. Honestly, I don't find housing costs as bad as some, since the large portion of costs are from an investment perspective (though it is still much higher in HCOL than LCOL).

What is difference is any service cost. Things that are highly automated, like mcdonalds arent too different, but fine dining, daycare, etc are way more expensive. Combination of high demand and limited supply. Looking at my budgets, I broadly agree with the Fed payscale differences in cost of living. [/quote]

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