Most Expensive US Cities To Live In
Quality education, job opportunities, and a better lifestyle attract people to come and live in big cities, due to which the cost of living rises. Above 80% of the American population lives in the cities. The factors that add to the cost of lifestyle are housing, healthcare, transportation, etc.
A city is said to be affordable if the income is more than the cost of living. There are cities like LA and Honolulu that have been expensive for a very long time. Whereas cities like San Francisco and Seattle have become more costly to live in, in recent years. Considering the income and the cost of living, we have compiled a list of the most expensive US cities to live in.
New York City, New York
The city leads the most expensive cities in the world. The cost of living here is 147% more than the national average. The average price for a home in Manhattan is $2.2 million. Whether it is transport, utilities, rent, or grocery, everything in New York is very expensive.
Get ready to spend an insane amount of money if you plan to shift to Honolulu. Most of the goods transported here come by boat or plane, which adds to the cost of everything. With the cost of living 97.6% more than the US national average, Honolulu will cost you enormously.
San Francisco, California
With the growing tech industry, low unemployment rate, and high paychecks, the prices here at San Francisco are too high. To buy a home here, you will have to pay around $1.3 million. Also, the cost of living here is 94.7% more than the US average.
The growing tech and learning environment make Boston an education hub. It is also one of the most popular tourist destinations in the USA with rich historical sites. The cost of living here is 48% above the national average. The residents of Boston pay big money even to buy their everyday groceries.
Seattle has been one of the fastest developing cities in recent years. As the location for the headquarters of Amazon and Microsoft, the living expenses here go very high. This city also backs up several other tech companies, which increase the average income of the citizens. The cost of living here is 56% more than the US national average.
Los Angeles, California
The address to the glamourous world of Hollywood also has one of the busiest ports in the world. The advancement of the manufacturing industry and the cultural importance adds up to the cost of living. The cost of living here is 46% more than the national average. The value of a home is more than $682400.
The capital city is the house of several government professionals. The private sector and tourism also add up to the cost of living here. The median home value here is $617,900. However, the transportation costs are less.
There are pros and cons of living in big cities. Living in big cities is expensive but provides you a different lifestyle and facilities altogether. Adapting to a new place becomes manageable if you know about the expenses, costs, transportation, etc.