
Hello and welcome to the Cost of Living Project. Before you click through the various hyperlinks that take you into the site, I wanted to encourage you to read this Introductory Statement, which explains the rationale behind the project, while also serving as a kind of user’s guide to help you take advantage of the tools and resources that you will find here. The rationale for the Project is clear and straightforward. As everyone recognizes, New York is a very expensive place to live and do business. Most would say, "Too expensive." Yet strangely, the high cost of living does not generate a great deal of controversy. It’s rarely mentioned on editorial pages and almost never figures in political campaigns, except as a...
Want a good example of why everything costs so much in New York? See this data from the New York Medical Society…. Following a 14% increase this past July, most physicians in New York State are now paying 55-80% more for their liability insurance in 2008 than they were in 2003, bringing the annual premiums for many specialists to levels in the hundreds of thousands of dollars. Physicians cannot sustain any more increases in liability insurance costs. It would have an immediate and severe impact upon our patients’ access to needed care. Why has the cost gone up so much? The simple answer....