Why Raising a Family Is Becoming Too Expensive in Major U.S. Cities

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For many American families, the biggest housing question is no longer simply, “Can we afford a home here?” It’s becoming: “Can we afford to raise a family here?” Housing costs are already putting pressure on households across the country. But families with young children are facing another major expense at the same time - child care. And together, these costs are changing where families choose to live. New York City is one of the clearest examples. The share of households with children under 18 fell from 46.3% in 2005 to just 35.5% in 2024. At the same time, asking rents have increased more th