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10 Most Expensive Places to Live in the U.S.

Residing by yourself is fairly expensive. You must pay tons of payments, and it may well appear troublesome to juggle every thing directly. Nothing is more expensive than housing these days. If it seems like lease and housing have skyrocketed in value, you’d be proper! Over time, the median house worth in america has modified massively. In 1940, the median house worth was $2,938 – that’s roughly $54,747 if you alter it for inflation. Now, in response to Zillow, the median house worth sits at $213,146. That’ll put a dent in your month-to-month finances.

Properly, for those who’re residing on a finances, there are some zip codes you might wish to keep away from. We seemed throughout the nation to seek out 10 U.S. cities that had the best value of residing. Our rankings are based mostly on 5 elements that may impression how a lot it prices to live. These elements embrace median family earnings, the median worth of a house, one month of lease for a one-bedroom condominium, and an condominium’s utility and web invoice. Simply to make certain, we additionally included the price of a gallon of milk to get a great glimpse into the meals costs, as a result of who can live without meals?

Cities Bedroom Apartment Average Utilities Gallon of Milk
1. San Francisco, California $3,268 $150.07 $5.17
2. New York, New York $3,020 $190.71 $4.88
3. Los Angeles, California $2,435 $149.67 $3.69
4. San Jose, California $2,750 $206.25 $4.30
5. Bellevue, Washington $1,550 $229.99 $3.30
6. Honolulu, Hawaii $2,400 $278 $6.14
7. San Diego, California $1,692 $181.42 $3.99
8. Boston, Massachusetts $2,400 $219.27 $3.69
9. Washington, D.C. $1,891 $196.34 $3.95
10. Stamford, Connecticut $1,825 $216,75 $8.43


1. San Francisco, California

Would you want to maneuver to a metropolis the place solely 11% of its inhabitants can afford housing? If the reply is sure, San Francisco is the place for you.  The lease is the best on our checklist, as is the median house worth (excluding the Manhattan borough of NYC). Not less than your utility invoice can be manageable: in spite of everything, $150 for primary utilities and web is a reasonably whole lot nationwide. However who must pay the electrical invoice if you don’t have a roof over your head?

2. New York, New York

Everybody’s dreamed of life in an enormous metropolis earlier than, and within the U.S., it doesn’t get larger than New York. Many individuals transfer to New York in hopes of launching their profession, be it within the arts, finance, or style. For those who plan on transferring to town that by no means sleeps, you ought to be ready to lay our a fortune on housing. On common, renting an condominium in New York will value roughly thrice the nationwide common of $976 per thirty days. You’ll want quite a lot of inexperienced to purchase a house in NYC—particularly for those who’re Manhattan actual property. The median worth of a Manhattan hope sits at $1.25 million!

3. Los Angeles, California

Large names from Kim Kardashian to the Clippers name Los Angeles their house. Sadly, evidently celebrities and athletes are among the many few who can truly afford to reside in LA. Renting in Los Angeles is virtually unimaginable for the typical resident.  A standard budgeting rule of thumb is that it’s best to keep away from spending greater than 30% of your month-to-month paycheck on lease. Utilizing the median earnings of $55,909 as a information, the everyday Los Angeles inhabitant must be spending round $1,540 a month on lease. That isn’t the case.

4. San Jose, California

Higher referred to as Silicon Valley, San Jose is surrounded by billionaires and tech giants. They’re among the many few who can afford to reside in San Jose. The median value of lease has drastically outpaced the median earnings, and about 60% of working-class households spend effectively over half their earnings on lease. Shopping for a home isn’t straightforward both; property values (and housing prices) are hovering for everybody.

5. Bellevue, Washington

Bellevue is a thirty minute drive from Seattle, Washington. This metropolis of roughly 134,000 could also be small, however the median value of a house is so excessive that it earned Bellevue a spot on our costly cities checklist. Bellevue’s excessive median earnings of $90,333 displays its common inhabitants: over 60% of residents have a school diploma, and plenty of are employed in administration positions. That doesn’t make reasonably priced housing straightforward to seek out; over a 3rd of inhabitants have a tough time discovering a spot they’ll afford.

6. Honolulu, Hawaii

You’d be surrounded by sunshine and pure magnificence for those who moved to Honolulu. Nonetheless, you’d even be hit with a excessive value of residing. The price of groceries is greater than 50% increased than the nationwide common. Different bills, akin to transportation and healthcare, exceed the nationwide common by 27% and 15% respectively. Residents of Hawaii reportedly have the best high quality of life in America; in case your finances may deal with Honolulu, you’d be fairly completely satisfied too.

7. San Diego, California

California is making a number of appearances on our checklist. It is a fairly costly state. San Diego is probably the most cheap of the 4—however that isn’t saying a lot.  With a median earnings of $62,962 and a median house worth of over $500,000, entry to reasonably priced housing may be very restricted. This ocean-side metropolis has a price of residing 23% above the nationwide common; in comparison with the opposite 9 cities, San Diego fares effectively. In addition to doable when the facility of your paycheck is weaker than common.

8. Boston, Massachusetts

Like different cities on our checklist, Boston is a multifaceted metropolis. Boston is house to a number of museums, universities, and a few of the costliest flats within the nation. Renting a one-bedroom will value you $2,400 a month. Utilities are 23% dearer than the nationwide common, and also you’ll in all probability want to purchase a public transit move for $75 a month. With a median earnings of $53,601, the excessive house costs are out of attain for a lot of Bostonians.

9. Washington, D.C.

Our nation’s capitol is rather more reasonably priced than NYC or San Francisco, however let’s evaluate numbers to the nation’s common. The median worth of a home in D.C. is $487,500 and is just anticipated to extend. Washington, D.C. is a metropolis of various demographics: on one hand, D.C. boasts a excessive median earnings and a big focus of younger professionals. However, the earnings disparity will be lower clearly by following the subway traces. Decrease-income D.C. households spend about 43% of their earnings on housing and transportation.

10. Stamford, Connecticut

This Connecticut metropolis is dwarfed by others on our checklist. Although town is small in inhabitants, you’ll discover the properties on this higher class suburb are out of attain for just below half of its inhabitants: the house possession charge in Stamford is about 54%. Right here’s some perspective: the median value of a house in America is $179,200 and one month’s lease for a one-bedroom condominium is just below $1,000. The price of residing solely goes up from right here.

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