You’re looking for a new place to move?
Although these 10 cities may be full of cultural and entertainment resources, it is not affordable to live in them.
It’s a kind of dilemma to stay in one of the most expensive cities in America, as sometimes livelihood and budget contradict each other.
On the one side congrats to make enough money so you can thrive in a city that ranks at the top of the list every year because you will have ample energy to work, operate and (hopefully) save money.
On the other hand, fella, you will see how little more space for rent than in other towns is available in $2,000/month when compared with the cost of people living in others.
These are the top 10 most expensive cities in the US:
10. Miami, Florida
Miami is one of the costliest cities in this country’s south.
The location in Miami of many global financial corporations and the biggest cruise port in the world, a large population of wealthy foreigners give a very heavy price for average income people.
The average household income of the city amounts to approximately $48,100, and the unemployment rate is just above the national average of around 4.4 percent.
In this beautiful city full of newly built residential and commercial buildings, it costs about $77,000 per year to live comfortably.
9. Los Angeles, California
Los Angeles is the second-largest city in the US, attracting inhabitants from all over the world.
If you’ll probably find one at every corner here if an opportunity is what you’re looking for.
Clearly, the opportunity seems to be at a cost, and if you want to find a house in the city of Angels, you will pay about $2100 a month for a single bedroom in the city center.
For you, it’s all about accommodation. The stakes can change when you are buying property here.
More than three times the national average, you’ll be looking at spending.
8. San Jose, California
Was San Jose recently really high up the list? It should not be. It can not be.
Some time ago, it was only a budding city that San Jose was, but recently, times had changed.
Investment Guru estimates that purchasing an average house in the area costs approximately $1.3 million.
Probably all of them because of technology companies around the area can thank us for the increase in the costs of accommodation.
7. Seattle, Washington
Surrounded by water and beautiful mountains, thanks to Amazon and, to a lesser extent, Microsoft, which is headquartered in Redmond.
Seattle is one of the fastest-growing major cities in the nation.
It has experienced a massive shift in its local economy after Amazon took root in the town a little more than a decade ago.
Wages increased on average by about $21,000 with a 5.7 percent fall in the unemployment rate.
The housing supply in Seattle has struggled to continue with new residents despite a residential housing explosion.
Housing prices have risen because of the high demand ranking Seattle among most expensive cities in the US.
At present, the monthly average rent in Seattle is about 2.7 times the national average, which represents a significant change, when rent was only about two percent higher than the national average.
We report similar changes in median house values, which are 2.6 times the national average, relative to 1.6 times the decade ago.
6. Oakland, California
Oakland is renowned for its vibrant culture, diversity, and progressiveness and for the diverse social lives that lay just across San Francisco Bay.
But Oakland is seriously expensive, like San Francisco as well. Oakland’s average rent is $2,854 per month.
Its cost-of-living drives many of the people with low incomes out of Oakland, as are many communities on this index.
But maybe help is on the way. To ease the town’s homelessness crisis, the government plans to build additional housing units.
5. Boston, Massachusetts
Boston is a lively city filled with vibrant characteristics, renowned for its historical heritage and world-class universities.
Sports are more than a time before for Boston.
The city is full of passionate fans, who call it “Titletown” because of the many successes of their major professional leagues concerning the most popular sports in America.
Boston is also a fantasy of a seafood enthusiast enjoying some of the country’s freshest clams, oysters, and lobsters.
In summer, the weather can be moderate, but in winter, snowstorms can be abundant.
While it is a highly pedestrian town with easy access to trains and buses, Boston has a growing problem with traffic jams.
Although median homes in Boston are 2.3 times higher than the national average, they are more reasonable than other major American cities.
That being said, the average monthly rent in town is 3.6 times the total US population.
Therefore, Bostonians who rent homes in the town spend approximately 69 percent of their income just to have a home.
4. Washington, D.C.
Washington, D.C.’s high living prices, is the center of the most powerful nation in the world.
There are many positions in the region in government and the private sector, due to various federal agencies, think tanks, lobbying organizations and thriving tourism industry.
The district’s average home values are about $443,000, with household revenues averaging around $64,267.
Like Boston, living well in Washington D.C. is about $83,000.
3. Honolulu, Hawaii
The laid-back lifestyle and incomparable beaches of Honolulu may seem like a fantasy, but the prices are much more like nightmares for some people.
A half-gallon of milk is almost 2.3 times the national average, while a five-pound potato bag is almost 3.3 times ($10.28).
Although in Hawaii, the amount of food manufactured is being increased in the region, foodstuffs in Honolulu cost 63.5% higher than the national average, as many foods still have to be imported.
Without hitting the market, they waste most of the food imported and the electricity costs needed to keep food fresh is pushing the prices even higher.
In the meantime, residents pay 94% more than the average American for electricity.
Even if rents are high, it makes Honolulu accommodation more pricey by the purchase price of the property.
The average price of the home is almost 4.5 times (or $1,079,840) higher than the national average, as Honolulu’s size is limited, new construction is small, and mortgages are lower than average.
While there are few homes, there are many qualified buyers, hence high demand.
2. San Francisco, California
San Francisco, Northern California’s commercial and economic hub and gateway to trendy shops and restaurants, is proud of its vibrant population.
But notoriously, it has the highest cost of living in the US.
Several residents can handle high rents with lucrative technology jobs that attract newly-graduated talent.
But many still have to stay in the second most expensive city in America by hurting their pockets.
Here’s a figure that reveals how terrifying San Francisco is – a person in San Francisco with $82,000 (almost three times the average national salary!) is categorized as low-income.
1. New York City, New York
New York City is the most expensive place in the United States to live and also the top lists of the world’s costliest cities, with a population of over 8.3 million people.
New York’s cost of living is a massive 120% above the national average.
Home costs are about 501,000 US dollars average in New York compared to a national average price of about 181,000 US dollars.
The five municipalities have home prices at a price of over 1 million US dollars.
In New York City, everything from food to public transport is much more expensive.
By May 2019, the city’s unemployment rate was about 4.1% less than the national average of 4.3%, which further encouraged the American citizens and world to pin its hopes and dreams in New York.
You should be proud to live in your house, but man, some of these areas are nuts.
Please share this post on social media with your ambitious homies who are planning to migrate to one of these cities.
