The City for Millennials | How much will they cost to survive?

What does The City mean?

People from New York City claim it as their own. Residents of San Francisco refer to their hilly city on a peninsula as The City. The point is, people take pride in the city in which they live. Really, The City is any expensive city, and there are plenty of them. This blog is dedicated to reader from all cities. When you read The City, think of your city, no matter if you are living in one of the World’s Cities, Cities that have already come up, or one that is up and coming.

What expensive city do you live in?

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The City for Millennials is a platform for urban-dwelling up-and-comers to discuss ways to survive in expensive cities. A common theme across all urban centers is that they are booming, everyone wants their share, and the suppliers know it. How do we pay for it? Our community discusses personal finance, affordable weekend escapes, real estate, food, and culture.

We want everyone to have adventures in their expensive city, all while preparing financial independence.

According to the United Nation’s 2016 World’s Cities report, roughly 54.5 per cent of the world’s population lived in cities. By 2030, it is estimated that urban areas will be home to 60 per cent of people globally. In 2030, one in every three people will live in cities with at least half a million inhabitants.  What expensive city do you live in? Competition is going to be Fierce!

How much does the city cost you?

If you’re like me, you are just barely squeaking by. I spend a lot of my day looking at my financial picture on Personal Capital to try and figure out what my next move is. The dashboards on Personal Capital make it really easy to visualize where my money is coming in from and going out to. Check it out below!

When I am day dreaming, I often wonder what my life would be like in another city. How far would my salary go in New York, or London, for example. What would a three bedroom house cost in Austin? What are the schools like for my future kids? Cost of living data is from ACCRA Cost of Living Index from the Council for Community and Economic Research can be very helpful. Luckily, one of my FAVORITE financial resources pulls all these data into a easy calculator.

If you haven’t already, check out NerdWallet’s Cost of Living Calculator

Don’t forget to sign up for FREE City Survival Tips and Real Estate Hacks.