Housing costs are often higher in the city than in suburban or rural areas. While this will differ from place to place, depending on your city of choice, it’s typically cheaper to live in the suburbs. This can also affect your long-term goals. Are you happy renting for a while, or is your heart set on saving for homeownership? If you’re spending more income on housing year-to-year, then you might have to put off any plans for property while living in the big city.