Brooklyn was ranked the No. 2 most expensive place to live in the U.S. in the quarterly Cost of Living Index by the Council for Community and Economic Research, a Washington-based research group. First is Manhattan, followed by Brooklyn, Honolulu, San Francisco, San Jose, Queens and Stamford, Conn. The report ranks 300 urban areas weighted according to different types of costs for “mid-management households” — in other words, professionals and managers, according to a story on the report in the Brooklyn Daily Eagle. In New York City, the biggest and most important cost is housing. In Alaska and Hawaii, it’s food. Other costs considered include utilities, transportation and prescription drugs. Housing in Brooklyn costs more than three times the average; a city with average housing costs would be a place such as Erie, Pa., or Charlottesville, Va., said the Eagle. “We are mindful that Brooklyn must never be a place of only the very rich or the very poor,” said Borough President Marty Markowitz to the Eagle. Does the report sound accurate to you? Do we need more affordable housing in the borough?
Expensive Brooklyn! Boro Ranks No. 2 in U.S. [Brooklyn Eagle]