'Singles Tax' Increases Cost of Living Alone, Especially in Major Cities

A new study reveals that living alone can cost thousands more annually, with New York City renters facing the highest 'singles tax' in the U.S.

The 'singles tax' refers to the additional cost single renters face compared to couples, with New York City leading at an average of $20,100 per year.
In cities like San Francisco, San Jose, and Washington, D.C., the singles tax also surpasses $10,000, highlighting the financial burden on solo dwellers in major urban areas.
The national average 'singles tax' is approximately $7,110, indicating a widespread issue beyond just the most expensive cities.
Costs associated with living alone include not just housing, but also food, medical care, transportation, and entertainment, further increasing the financial strain.
Experts suggest that the rising costs are due to a combination of high demand for housing and limited supply, particularly in cities with already high living expenses.