Conventional wisdom states that city living is more expensive, being that the cost of real estate per square foot is so much higher in general. But what about the hidden costs? When making a school choice, especially when it involves a possible relocation or private schooling, money is a big factor.
When trying to calculate real living costs, there is a new resource out there that can be useful. The Center for Neighborhood Technology has a great Housing and Transportation Affordability Index, covering over 330 metropolitan areas, including Philadelphia. The bottom line is that when evaluating where to move, you have to be sure to factor in housing costs, taxes, and transportation costs.