Top 10 expensive cities in the US
The high cost of living in certain US cities is due to a variety of reasons. Choosing for living an expensive city, Americans pay for the amenities and advantages that it offers, be it a comfortable climate, career prospects, developed infrastructure or a rich cultural life. Here is a list of the most expensive cities in the United States, based on data from the US Council for Social and Economic Research, writes Lifehacker.
10. Seattle
Population: 684 451 people.
Average family income: 70 594 dollars (US average: 53 889 dollars).
Average cost of housing: 452 800 dollars (US average: 178 600 dollars).
Unemployment rate: 4,5% (US average: 4,9%).
Seattle is among the leaders in terms of economic development among US cities. Offices are located here. Microsoft, Amazon and many other high-tech companies that attract a huge number of professionals from around the world. This inevitably leads to higher prices in the real estate market. The cost of housing for owners and tenants here is already almost 80% higher than the national average, and they continue to grow.
9. Stamford, Connecticut
Population: 128 874 person.
Average family income: $79.
Average cost of housing: $501.
Unemployment rate: 5,0%.
Stamford overtakes most US cities in the number of millionaires per capita. But no matter how expensive life is in Stamford, it is far from him in neighboring New York. In addition, everything is not so bad with transportation costs. Thanks to a developed network of electric trains connecting Stamford with New York, as well as an advantageous location on the northeast railway line, transportation costs are only 11% above average.
8. Boston
Population: 667 137 people.
Average family income: $55.
Average cost of housing: $393.
Unemployment rate: 3,4%.
Due to the huge number of universities, hospitals, historical sites, as well as jobs for technology professionals, Boston is one of the most attractive cities for life. But despite the fact that the popularity of the city automatically makes life in it more expensive, a large number of students and recent graduates suggest that life in the city is quite accessible to those who are just getting up. For example, food products in Boston are only 6% more expensive than in other cities.
7. Oakland, California
Population: 419 267 people.
Average family income: $54.
Average cost of housing: $458.
Unemployment rate: 3,8%.
The average income in Auckland is almost the same as the average for the United States, but the cost of housing here is two and a half times higher. In 2016, property prices in Auckland rose by 9,6%, and it is expected that this year they will rise another 2,9%.
6. Washington DC
Population: 681 170 people.
Average family income: $70.
Average cost of housing: $475.
Unemployment rate: 3,8%.
Average family income: 48 201 dollar.
Average cost of housing: $570.
Unemployment rate: 4,8%.
Technically, Brooklyn is one of the districts of New York, but lately it has increasingly been referred to as an independent territorial unit. Just a few years ago, Brooklyn was considered a good alternative for those who could not afford to live in Manhattan. Now things are different. Housing expenses, including rental and mortgage, are here in 3 times higher than the national average.
4. San Francisco
Population: 864 816 people.
Average family income: 81 294 dollar.
Average cost of housing: $799.
Unemployment rate: 3,8%.
Years of unrelenting economic growth, driven by the rapidly growing incomes of high-tech companies, have led San Francisco to become one of the most expensive cities in the country. Even in spite of high salaries, it’s very difficult to make ends meet.
Because of the fantastically high prices for housing, the purchase of real estate here is almost unreal, and the rent is fabulously expensive. To rent an apartment in San Francisco, you will have to pay an average of 3 548 dollars per month. This is more than three times the average rental price in other cities in the United States.
3. Honolulu
Population: 992 605 people.
Average family income: $74.
Average cost of housing: $580.
Unemployment rate: 2,8%.
Life in the paradise is not cheap: the people of Honolulu are paying almost more for everything than their compatriots on the mainland. Most goods sold in Hawaii are imported, which affects their prices accordingly. According to statistics, in Honolulu, the most expensive food among the 288 major cities in the United States. And the price of gasoline here is 30% higher than on the continent.
2. Sunnyvale, CA
Population: 151 754 person.
Average family income: 105 401 dollar.
Average cost of housing: $790.
Unemployment rate: 3,8%.
Sunnyvale, like the entire Silicon Valley, is famous for its exorbitant high cost and the fact that it houses the world's largest high-tech companies. Sunnyvale is headquartered Yahooas well as offices of such giants as Intel, Tesla, Google and Apple. It is not surprising that there is an incredibly expensive housing: 375% more expensive than the national average. Six-figure wages, one of the highest in the United States, allow the residents of the city to cope with an unbearable financial burden.
1. Manhattan, New York
Population: 1 people.
Average family income: 72 871 dollar.
Average cost of housing: $848.
Unemployment rate: 4,8%.
In the rating of real estate prices in the United States, Manhattan is ranked first. Renting an apartment here will cost an average of $ 4 239 per month. In the grocery store, you leave 43% more, and you will have to pay 30% more for medical care and transportation services than residents of other US cities pay. And to enjoy life in Manhattan, you will have to fall in love with the crowd: the population density here is almost 27 000 people per km².
Read also on ForumDaily:
New York - the city of lonely hearts
Top 20 best US cities to work right now
8 worst US cities for car owners
Trump's administration tightens rules for food stamps
Tourist visas in the United States for Russians will rise in price almost doubled
7 options for remote work with earnings up to $ 100 thousand per year
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.