BOSTON – A study conducted by theblacktux.com has published some numbers showing how much couples in Boston are saving by moving in together. As it turns out, there are some major financial benefits of cohabitation.
The city of Boston ranked fourth on the list of cities where the savings are pretty significant, with the average couple saving roughly $702 per person each month by living together.
The study looked at 50 of the largest metropolitan areas, and also took into account the cost of rent, utilities, groceries, and wifi. Other cities with larger savings for the average couple where those where the expense of living is relatively higher than most locations throughout the United States.
San Francisco, California made the top of the list with $955.09 in savings per couple. New York City was number two on the list with $907.17 with San Jose, California third with $830.49 savings per couple.
While Boston, New York and California were list toppers, the cities where savings per cohabiting couples’ are pretty dismal includes Cincinnati, Ohio as well as Oklahoma City, Oklahoma.
Couples residing in Cincinnati are only seeing roughly $272.00 in savings followed by Oklahoma City with $282.78 in savings.
As part of the study, the blacktux.com considered the cost of living alone vs. the shared cost of living with someone.
For a person living alone in the city of Boston, a one-bedroom apartment costs an average of $1,728.00, while a two-bedroom apartment costs $2,143.00.
Not a huge leap from a one-bedroom to a two-bedroom, money-wise. You'd save money just sharing an apartment with a friend. But maybe the main takeaway is that it's crazy expensive to rent in Boston, whatever your relationship status.