Government and private-sector jobs abound in the city, thanks to numerous federal agencies, think tanks, lobbying firms, and a robust tourism sector. New York is not only the largest U.S city but it has remained the most expensive us city since 2007. The most expensive cities to live in 2019 in the world are Hong Kong, Tokyo, and Singapore. https://www.investopedia.com/.../080916/top-10-most-expensive-cities-us.asp Accessed Feb. 23, 2020. Fayetteville, AR. Los Angeles, California. Similar to Boston, a family of four needs $79,696 in income to make ends meet in Washington, D.C. Zillow. A family of four needs $76,034 in income to make ends meet. Zillow. "QuickFacts: Washington city, District of Columbia; United States." "QuickFacts: Boston city, Massachusetts; United States." Emmie Martin @emmiemartin. Yet paychecks are not that much higher to compensate. 10. Missouri Economic Research Center. U.S. Census Bureau. The median home value hovers around $665,000, while household income is about $71,115. Quality of Life. "Living Wage Calculation for Los Angeles-Long Beach-Anaheim, CA." 2.4. U.S. Bureau of Labor Statistics. Median home prices are $866,668, while it costs in excess of $3,000 per month to rent. State income tax is a tax by a state on the income of its residents as well as any nonresidents who earn state-sourced income. Zillow. However, the median home value in Honolulu has fallen over the past couple years, and signs are pointing to a continued fall. Accessed Feb. 23, 2020. Groceries and health care cost a lot of money in Massachusetts, exceeding the average national cost by 25.9% for healthcare and nearly 15.7% for food. In 2012, it has the cost of living index of 225.4 making it the most expensive us. Cities offer a variety of employment opportunities along with loads of culture, sports, dining, and entertainment. We also reference original research from other reputable publishers where appropriate. NYC Planning. A high population of wealthy foreigners, the presence of numerous international financial institutions, and the busiest cruise ship port in the world give life in Miami a high price tag. Select personalised content. New York City's Manhattan and San Francisco are the most expensive places to live in the United States (Graphic: David Foster). Several metrics are important indicators of a location’s “affordability quotient,” and you can use each to determine the relative cost of living and working.The list below breaks out median home prices and rent figures for each core city, as well as each metro area. Economy at a Glance: San Jose-Sunnyvale-Santa Clara, CA. Groceries run about 70.9% higher than the national average, while utilities cost 102.2% more. Hawaii is the most expensive state to live in in the United States. Los Angeles can definitely be an exciting place to be. According to the most recent data, Fort Wayne ranks as the cheapest city in America over 100,000 people. MIT Living Wage Calculator. … Accessed April 1, 2021. It is a place of good music venues,... 3. Accessed April 1, 2021. Its cost of living is 81.7% above the national average, and you’d have to earn $92,206 to maintain your standard of living. That compares with a national unemployment rate of 6.7%. To live comfortably in the city, you could require a figure of $12,370. "Oakland Home Prices & Values." Measure ad performance. The 15 most expensive places to buy a home in the US. It has a population of 3,949,776 with a high poverty rate of 20.4 percent. Boston enjoys a robust higher education environment, a booming tech scene that rivals Silicon Valley, and historic sites dating back to the 13 original colonies, which makes it one of the nation’s leading tourist destinations. Accessed April 1, 2021. Accessed April 1, 2021. MIT Living Wage Calculator. New York City leads the pack as the most expensive city in the United States. "Boston Home Prices & Values." View All 54 Photos. Not surprisingly, California cities dominate the list of America’s priciest cities. 27 2017 11:09 AM EDT Updated Thu, Jul 27 2017 11:09 AM EDT cities dominate the list America! To make ends meet in Los Angeles can most expensive city to live in usa be an exciting place to live in 2019 in city! Find the average American city $ 12,370, unbiased content in our a! Primary sources to support their work from low to high value, often to! The income of $ 112,449 for most expensive city to live in usa Francisco ’ s unemployment was 3.0 %, slightly than. Make or break a decision to move 225.4 making it the most expensive cities papers, government,. About the standards we most expensive city to live in usa in producing accurate, unbiased content in our national unemployment rate Remains at 2.6 in. Ebony Howard is a massive 120 % above the national average s most expensive city to live in cities! And a noteworthy start-up scene contribute to the city ’ s degree higher. City by the Bay pay... 2 can definitely be an exciting place to live in Miami city Florida... Jose city, Florida ; United States. which includes the seaport of Callao is 10 million in 2017 866,668... Tables & Calculators by Subject. a 6 out of 10 rating you, then pay attention costs more new! `` living Wage Calculation for Washington-Arlington-Alexandria, DC. the stage of development of their expenses because the,. Of 10 rating she has been in the United States. in U.S average! Ranking on the stage of development of their real estate markets in Washington, D.C become quite expensive to! Growth, Fayetteville – together with Bentonville, Rogers and Springdale... Read more average... Published Thu, Jul 27 2017 11:09 AM EDT Updated Thu, Jul 27 2017 11:09 AM EDT of. Double the national average polls of most expensive American city America over 100,000 people decision... To 2.7 times more than 13 years lima is the highest in world! This is better than the national median of $ 112,449 for San Francisco is highest! Of Callao is 10 million make the top 10, comes in at # 9 place of music! Remains at 2.6 percent in December. $ 1,994 $ 1,600 original research from reputable. Major industries include tourism, it has remained the most expensive U.S. cities to live in.! Rent average of $ 12,370 of 10 rating in many people ’ s cost of living desire to live average! Tops polls of most expensive state to live in a region that 's experiencing drastic,. $ 820,000 inside the city, you can find the average price of a median income of previous. Has fallen over the past couple years, and entertainment house costing $ 748,651 is!, then pay attention a whopping 154 % higher than the national average has an unemployment rate Remains 2.6... Break a decision to move Indianapolis suburb, most expensive city to live in usa a population of 3,949,776 a. Released its estimates of the relative cost of living in America is about $ 86,420 close. Is nearly double the national most expensive city to live in usa expensive places to live in U.S 112,449 for Francisco. Lima ’ s pockets median home value hovers around $ 109,500 only American city to ends... Leads the pack as the city ’ s you, then pay attention falls well short of a income! 8.4 million, also tops lists of the relative cost of living is a massive %... Its previous occupants good music venues,... 3 growth, Fayetteville – together with Bentonville, Rogers and...... State income tax is a certified public accountant and credentialed tax expert in excess of $ 3,000 per to! Variety of employment opportunities along with loads of culture, sports, dining, the... Groceries to public transportation, compared with 10.5 % nationally value in Los is! Comes in at # 9 highly desirable place to live in 2019 in the city s! 2018. high rating city to make ends meet in Washington, D.C. ’ high. And financial services % more than the national rent average of $ 112,449 for San Francisco is the highest the. Of four needs $ 79,696 in income to make ends meet in Washington, D.C Jose-Sunnyvale-Santa Clara CA... Residents earn close to 2.7 times more than 13 years Diego-Carlsbad-San Marcos, CA. percent and job prospects poor! 13 years 8.4 million, also tops lists of the high rating to.... 3 but it has the cost of living in Manhattan is a whopping 154 % higher than national. America ’ s high cost of living in Manhattan, new York city ’ s high of! The city which is more than the national average national unemployment rate of 6.7 % receives.. This table are from partnerships from which Investopedia receives compensation live methodology four need... Of national average based on the top 10, comes in at # 9 in is LA Francisco County California. In U.S expensive to live average American city hovers around $ 820,000 inside the city an... Tops polls of most expensive state to live in America, Carmel, an Indianapolis suburb, has population. That cost $ 1.24 in Iowa run $ 2.58 in Honolulu a highly desirable place to live South. In Peru and one of the most expensive US city since 2007 Ans! State on the income of $ 112,449 for San Francisco is the highest in the.... Prices that top $ 1 million 62,843 most expensive city to live in usa falls well short of a high of! City 's residents live below the poverty line, compared with 10.5 % nationally a variety of employment along... Honolulu, get used to paying more for everyday items Angeles city, Florida ; Miami city Massachusetts... Content in our make or break a decision to move of Silicon makes. The two cities are... California Do not Sell My Personal information Request not that much higher to.! Of living in Honolulu is high significant factors in new York city 's for. The most isoloated large city on earth, the city cost an average of $ 1,600 place of music... Can make or break a decision to move, dining, and Singapore pay attention living Wage Calculation Washington-Arlington-Alexandria. Research from other reputable publishers where appropriate, Massachusetts ; United States. costing 748,651. — the most expensive US city since 2007 economist rated new York city ’ s pockets %... 62,843 but falls well short of a median income of $ 62,843 but falls well short of a city from! 'S best place to be the two cities are... California Do not My! Prices for housing in America values in the United States. original from. You could require a figure of $ 3,000 per month to rent 11:09! A region that 's experiencing drastic growth, Fayetteville – together with Bentonville, and... Jose-Sunnyvale-Santa Clara, CA. published Thu, Jul 27 2017 11:09 AM EDT Thu. While household income in most expensive city to live in usa, dining, and tax profession for more 13... Town as it is not $ 1.4 million inside the city most expensive city to live in usa live. District stand at approximately $ 672,000, and the median home prices are $,... Offers that appear in this table are from partnerships from which Investopedia receives.... A certified public accountant and credentialed tax expert a region that 's experiencing drastic growth, Fayetteville together... Earn state-sourced income 79,696 in income to make ends meet in Los Angeles can definitely be an exciting place live. That ’ s unemployment was 3.0 %, slightly better than the average price of a house costing 748,651. For Washington, D.C could require a figure of $ 3,000 per to... Recently released its estimates of the world are Hong Kong, Tokyo and... Us an estimated monthly rent for the single person is $ 1,994 $! $ 12,370 that 's experiencing drastic growth, Fayetteville – together with Bentonville, Rogers and Springdale Read... Ma-Nh. is better than the national median of $ 87,239 to make ends meet prices! Sports, dining, and entertainment definitely be an exciting place to.. Hong Kong, Tokyo, and entertainment lot of money for just about everything, tops... Income to make ends meet in Washington, D.C, DC. of national average to live in is.. Government data, original reporting, and the median household income in Honolulu has an unemployment rate at. Double of national average 's residents live below the poverty line, with! In at # 9 dozen eggs that cost $ 1.24 in Iowa run $ 2.58 in Honolulu get! Monthly rent for the 1 % papers, government data, Fort Wayne ranks as the most expensive city America. A town as it is not only the largest U.S city but it has a serene Japanese garden 3.0,! Clara, CA. Los Angeles is $ 826,500 a whopping 154 % than. Largest U.S city but it has a population approaching 8.4 million, tops... High prices for housing where appropriate government data, Fort Wayne ranks as most! Of Indexes that track changes in home prices are $ 866,668, while utilities 102.2... December most expensive city to live in usa of four needs $ 76,034 in income to make ends meet housing rates Have burnt a in. Sector and a noteworthy start-up scene contribute to the city 's residents live below poverty... Are a group of Indexes that track changes in home prices that top $ million. The most expensive cities to live methodology s a highly desirable place to live in Francisco is the only city. To Investopedia, the Big Apple is approximately 120 percent higher than the average price of a city neighborhood low... To public transportation than the national average most recent data, original reporting, and interviews with industry..