1New York
Cost of Living: 120.4% above U.S. average (Manhattan only)
City Population: 8.3 million
Median Household Income: $51,865
Median Home Value: $501,500
Doesn’t come as a surprise, right? The New York City metropolitan region remains by a significant margin the most populous in the United States.
New York exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment.
If your budget can make it here, it can make it anywhere. Manhattan, New York City’s most expensive borough, is the only area in the country where living costs more than double the U.S. average.
Venturing out to the surrounding suburbs, high costs even plague New York’s Nassau County and much of northern New Jersey at more than 30% above average.
I guess you could say that there’s no cheap area in New York. A nice apartment on Broadway in Manhattan could cost you almost $ 3 million.
I would always choose San Francisco as my favorite city to live in. Which American city is your favorite?
For more expensive cities, also check out the Most Expensive Cities To Date In |Top 10.