What is The Most Expensive Cities To Live In Across The US?
Are you planning to move to the US for any reason? Could be a better job, for a business opportunity or tourism. The average person, who is relocating, would be looking for a place whose standard of living is not through the roof. A place where one can sink their roots and make a home. Below are some of the more pricey areas to live in the US. Places you may want to steer clear of if you are financially challenged or where you may just settle down if money is not an issue.
New York City
This is one of the most expensive places to live in the US. The cost of living is 120% above any other in the United States. On average, a house would cost slightly above $500,000 with places like Manhattan going for about $1,000,000.
That is way above average the US’ cost of housing, which is at about $100,000. The city has a large population, of about 8 million people, and a good number of expatriates.
This state plays host to the ‘house on the hill’ also dubbed the world’s most powerful seat. DC is also the center of operation for governments and federal agencies. It is a hub for many private sector companies boasting of a high employment rate. To get an average home in the city, you need something in the neighborhood of $500,000, and the average household income is about $70,000. To live a comfortable life, you will need an income of about $90,000.
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San Diego, California
Being home to many corporations and firms including government agencies, San Diego stands out as one of the pricey states to move to in America. With a population of about 1.3 million, the city’s cost of living is over 30% higher than any other. The average household income is to the tune of $60,000 with the average cost for a home being about $500,000, a figure that is slightly higher compared to places like Los Angeles. The city is home to many luxurious facilities making it very appropriate for those who have some money to spend.
Its proximity to New York City has made it home to the wealthy commuters. In fact, it is renowned for its high number of millionaires. Most of those who work in New York spend their money in Connecticut, and of course, this will tell you why the commuter rates are slightly higher than in any other state. The average household income is about $80,000 with an average home cost of above $500, 000. The cost of living is close to 50% above the US average.
It has been said that ‘money talks’. And so it is because to settle in any of these locations, that decision will depend entirely on the weight of your bank account. So, before you move, it is essential to be aware of what life-style you can or cannot afford. Do not move on a whim, make the right decision.