Living in the city is great. You are close to work, close to an active nightlife, and have a tremendous choice in housing from new condominiums to the distinctive architecture of period structures. If you like the openness of loft-living, the city is for you. If you select the urban area you will be close to fine dining, the theater, and the other great entertainment and cultural venues of the city. If you enjoy the idea of waking up in the middle of the night and being able to go out on a town that does not sleep, the city is for you.
On the negative side, the cost of a home right in the city is usually more than the same home would be in the suburbs. Your auto and home insurance premium may increase due to higher crime rates. Cities are usually noisier and more crowded than the suburbs, and if you have children you may be limited on school choices. Parking may be an issue. Your city home may not have its own garage, so you will be parking on the street. If you move to a multi-unit building your parking may be in a shared garage that charges high monthly fees.
Living is the suburbs is great. It is usually quiet and slow paced. Each suburb has its own character in types of homes, you can go from the sprawling mansion to the tidy townhouse. The cost of living is lower in the suburbs than in the city. Food costs less, insurance premiums are lower, and the cost of most durable goods such as furnishings and appliances is lower in the suburbs than in the city. The suburbs also shine for their sprawling shopping centers. If you have a family, you will find a more extensive choice for children’s education in the suburbs than in the city. If you long for the riding mower or that vegetable garden, look in the suburbs.
On the negative side, the suburbs are not as quiet and affordable as they once were. The word has gotten out, many suburbs are suffering from a plague of teardowns that destroy the older, more affordable homes and replace them with overpriced McMansions. If you work in the city you will definitely increase your commute time to work. As a suburban resident, your choices for commuting into work may be to either rely on overcrowded, underfunded public transportation or spend hours on the freeway.
Living in the country is great. It is quiet and friendly. Many builders are looking to the country to erect affordable housing. That means that you can get the modern, brand-new home with all the amenities and more property for a lower price than what you would pay in the city or suburbs. Land is usually much less expensive the farther you go out from a big city. If you own a small business, you may want to move both your work and your residence into the country to save on expenses. If your idea of a perfect home is a large farmhouse with lots of land between you and your neighbors, look to the country.
On the negative side, the country quiet can be an annoyance to some of us. Everything you need in the country will require that you drive. Country roads may not get the same attention to repairs and snow plowing. In some country areas the builders are putting in more homes than the local services such as utilities, police departments, and fire departments can handle. As country living becomes more popular, people living there you will certainly be hit with additional taxes. The biggest negative is for those who continue to work in the city, as the commute may take hours.