By Anna Hecht | CNBC
If you want to live in a big city but have a tight budget, you may want to avoid places such as Miami and and Denver, where housing costs are rising year over year.
That’s according to a recent report from Rent.com on the cost of city living, which analyzed data from the 2016 and 2017 editions of the U.S. Consumer Expenditure Survey, which is conducted annually by the U.S. Bureau of Labor Statistics. The report looked at the change in housing costs in 22 major metropolitan areas over 12 months.
In addition to mortgages and rental costs, the BLS includes property taxes, maintenance, utilities, household products and furnishings in its definition of housing costs.
