A new report says air conditioning is increasingly expensive as Americans get older and their homes become more and more air-conditioned.
Air Conditioning is becoming a bigger and bigger cost of living factor as Americans retire and live in cities, the report says.
The report, based on research by the Energy Information Administration, shows that the cost of purchasing an air conditioner rose from $1,500 to $4,000 between 2007 and 2015.
And air conditioning costs grew as homes got older and as air pollution became more and bigger.
The cost rose because of changes in home technology, the energy and environmental costs of heating and cooling, and other factors, the EIA said.
The rise in air conditioning prices has been particularly dramatic in cities.
The EIA estimated that the average annual increase in the average price of an air conditioning unit for a two-bedroom home was nearly 20 percent from 2007 to 2015.
That compares to an annual increase of about 2 percent for homes with a two bedroom, four-bedroom or larger in New York, Boston and Washington, DC, according to the report.
The increase in air conditioners was particularly steep in the cities where people live, the authors of the report write.
Air conditioning has been a major expense for older Americans, the study found.
For people ages 65 and older, air conditioning cost them an average of $2,600 a year in 2015, the highest among the 10 largest cities, according the EIO report.
In the cities with the highest average annual cost, such as New York City, the average cost was $1.7 million a year.
The study also found that older people who had a household income of less than $50,000 in 2015 had an average annual average cost of $1 million, compared to $1 in the next largest cities.
“The cost of replacing a typical air condition unit has risen from about $1k in the mid-2000s to more than $1m in the past five years,” the EIE report said.
“We estimate that the total annual cost of replacement is $8,000 per home.”
A recent survey by the National Association of Realtors found that Americans who live in metropolitan areas spend an average $1 billion on air conditioning per year, or $3,600 per household.
That’s the equivalent of the cost to repair a new air condition.
It’s unclear how the costs of air conditioning are increasing as Americans age.
The survey asked about air conditioning in homes with 2 bedrooms and 4 beds.
It found that a typical home in a metro area had air conditioning installed on three-quarters of homes, compared with one-quarter in the rest of the country.
But that survey didn’t include people who lived in the suburbs, which had a much smaller share of older people.
The price of air-con is expected to rise as older Americans get more active, which raises the cost for air conditioning as well.
A study last year from the American Public Health Association found that about 25 percent of older Americans had a home with an air-conditioning system.
A new study from the nonprofit advocacy group Center for American Progress, which released the report, said that for those aged 65 and over, air condition bills have grown the most.
The group said that air conditioning was becoming a significant health care expense, and that the rising cost of housing air conditioning and other household goods was contributing to rising health care costs.
The authors of that study said that if the costs increase, the cost-of-living adjustment would rise by $1 for each $1 increase in energy use.
That would make air conditioning a major driver of the overall increase in health care spending in the United States.