Top 10 Most Expensive U.S. Cities to Live In 2018

Top 10 Most Expensive U.S. Cities to Live In 2018

Here is the list of Top 10 Most Expensive U.S. Cities to Live In 2018. America is the most expensive Country in the world. And in here living cost is very expensive. And the Topmost Expensive city in the USA is New York City, Manhattan, and San Francisco are the top of the list of the expensive city in America.

Top 10 Most Expensive U.S. Cities to Live In 2018

10. San Diego

San Diego

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Cost of Living: 46.1% above U.S. average
City Population: 1.4 million
Median Household Income: $68,117 (U.S.: $55,322)
Median Home Value: $488,600 (U.S.: $184,700)
Unemployment Rate: 3.6% (U.S.: 4.5%)
The cost of living in this city of approximately 1.3 million is 30% higher than the average cost of living in the United States. San Diego’s median household income hovers around $63,990, meaning that many residents can enjoy luxuries such as high-end eateries, yacht clubs and other pricey forms of entertainment. The average home value stands at approximately $477,800. San Diego’s unemployment rate of 3.8% edges close to the national average.

9. Los Angeles

Los Angeles

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Cost of Living: 48.0% above U.S. average
City Population: 4.0 million
Median Household Income: $51,538
Median Home Value: $496,300
Unemployment Rate: 4.4%
Los Angeles brings to mind wealthy, glamorous movie stars, but the movie industry plays a small role in the city’s booming economy. The city’s shipping industry also plays a role, as the Port of Los Angeles is one of the busiest ports in the world. A bustling manufacturing sector and a noteworthy start-up scene contribute to the city’s high cost of living. Certain ZIP codes, such as the much-ballyhooed 90210, drive up housing costs; the average home value in Los Angeles is $470,000. The median household income is around $49,745. It takes approximately $74,371 per year to live well in Los Angeles, and more than 20% of the city’s residents live in poverty.

8. Boston

Boston

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Cost of Living: 48.2% above U.S. average
City Population: 673,184
Median Household Income: $58,516
Median Home Value: $423,200
Unemployment Rate: 3.5%
Groceries and health care cost a lot of money in Boston, exceeding the average national cost by more than 20%. The city 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. All of these add up to an unemployment rate of 3.6%, but city residents fork out big money to live in Boston; the average home value hovers around $374,000, the median household income averages about $53,163, and it takes approximately $84,000 to live well.

7. Seattle

Seattle

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Cost of Living: 49.0% above U.S. average
City Population: 704,352
Median Household Income: $74,458
Median Home Value: $484,600
Unemployment Rate: 4.7%
Rents in Seattle are rising rapidly, an unpleasant side effect of Amazon’s continued growth, which is partly behind the rapid influx of new residents, especially Millennials. Still, at a typical $1,975, they’re a lot lower than rents in San Francisco or New York, at least for the moment. Median income is $74,458, the fourth highest in the nation.

6. Oakland, Calif.

Oakland, Calif

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Cost of Living: 49.5% above U.S. average
City Population: 420,005
Median Household Income: $57,778
Median Home Value: $500,500
Unemployment Rate: 3.0%
Being located on the opposite end of the Bay Bridge might make living in Oakland a cheaper alternative to San Francisco, but the city is still a more expensive place to live than most cities in the United States. For $1,673 per month, renting an apartment in Oakland costs double the price of renting in other U.S. cities; the average home value runs about $449,800.

5. Washington, D.C.

Washington DC

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Cost of Living: 55.7% above U.S. average
City Population: 681,170
Median Household Income: $72,935
Median Home Value: $506,100
Unemployment Rate: 3.8%
Being the seat of the world’s most powerful nation accounts for Washington, D.C.’s high cost of living. Government and private-sector jobs abound in the city, thanks to numerous federal agencies, think tanks, lobbying firms and a robust tourism sector. Average home values in the District stand at approximately $443,000, and the average household income is about $64,267. Similar to Boston, it takes about $83,000 to live well in Washington, D.C.

4. Brooklyn, N.Y.

Brooklyn

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Cost of Living: 82.0% above U.S. averag
City Population: 2.6 million
Median Household Income: $50,640
Median Home Value: $590,500
Unemployment Rate: 4.6%
if Brooklyn was an independent city, its population would be on par with Chicago, the third-largest city in the nation. Not so long ago, Brooklyn was considered a viable alternative for those who couldn’t afford to live in Manhattan. Not anymore. Housing-related expenses including rents and mortgages are four times the national average. And yet, the median household income in Brooklyn is almost $5,000 below the U.S. median and close to $25,000 shy of the median household income in Manhattan.

3. Honolulu

Honolulu

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Cost of Living: 88.3% above U.S. average
City Population: 992,605
Median Household Income: $77,161
Median Home Value: $602,700
Unemployment Rate: 2.0%
Honolulu residents pay a lot of money for just about everything. Groceries alone cost 55% more than anywhere else in the United States; utilities cost 71% more than the national average. At $58,397, the average household income does not far exceed the average income of other expensive cities in the country. However, people in Honolulu can expect to pay 87% more than the average American pays for one dozen eggs. Honolulu enjoys an exceptionally low unemployment rate of 2.8%, as of May 2017, which means that, if nothing else, people with jobs on this Pacific island paradise can afford to eat omelets.

2. San Francisco

San Francisco

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Cost of Living: 92.9% above U.S. average
City Population: 870,887
Median Household Income: $87,701
Median Home Value: $858,800
Unemployment Rate: 3.0%
People make the decision to leave San Francisco every day, as the city’s staggeringly high cost of living and out-of-reach housing prices have been known to break many a bank. Homes cost an average of $820,000 inside the city, whose major industries include tourism, IT and financial services. It takes more than $119,000 to live well in San Francisco, but unemployment remains low at about 2.6%, as of May 2017, due to highly favorable conditions offered to entrepreneurs and the one-third of all U.S. venture capital that these up-and-coming businesses attract.

1. Manhattan, N.Y.

Manhattan

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Cost of Living: 138.6% above U.S. average
City Population: 1.6 million
Median Household Income: $75,513
Median Home Value: $871,500
Unemployment Rate: 4.6%

If you’ve ever been to Manhattan, you don’t need us to tell you that it’s an expensive place to visit. It’s even more expensive to live there. With space at a premium and location paramount, the median home value in Manhattan is the highest among our expensive cities. So, too, is the rent for an apartment, which averages a staggering $4,559 a month. The budget-busting doesn’t stop there. Residents pay a premium of almost 40% at the grocery store, while transportation is 30% above average. Want to see a movie? Ticket prices are nearly 50% higher, on average, than is the norm in the rest of the country. Oh, and you’ll need to like crowds if you hope to make it in the Big Apple: Manhattan packs in nearly 70,000 residents per square mile, according to the U.S. Census Bureau.