6 Most Expensive Cities In The USA

Travel | 2020-12-13 20:34:33.0 | By Sunita Pathak

You might be in a city that is not much expensive. But, there are many cities in the USA which are considered as the most expensive cities in the USA. These cities are the places where the living cost and cost of everything is skyrocketing unlimitedly.

All these cities have their own environment and their own reasons behind being so expensive. But the interesting fact is, even though these cities are costly, instead of having a decrease in the population, these cities are increasing day by day without any stop point.

Now, what could be the thing that is driving people towards these most expensive cities? Also, what could be the reason why people are moving to these very expensive cities?

Well, let's find out what these cities are, their cost of living, what they are famous for and why these cities are the most expensive cities in the USA.

1.Manhattan, New York



Manhattan, New York is the most populated city of the 5 boroughs of New York. Manhattan alone consists of more than 1.5 million people. It is the central attraction of New York State and is mostly comprised of Manhattan Island. It comprises a lot of skyscrapers and The Empire State Building is the one that's extremely prevalent.

Comparing the price of the median salary and the cost of living in Manhattan, it is a very expensive city. The cost of living, grocery, and almost everything is high-priced. The median salary of people living in Manhattan is around $70,000 and the median home price is around $2 million. The unemployment rate of Manhattan is pretty low at around 4% and the poverty rate is around 16%.

There are several reasons that account for Manhattan being so expensive. The skyrocketing salaries of people, lower interest rates, and importantly the slothfulness in the supply of apartments are the main reasons behind Manhattan being so expensive.





5.San Francisco, California



San Fransisco is a city in California with a population of approximately 900K. It also holds a thirteenth position in the largest cities in the USA. San Fransisco is a major city of attraction in California and the ones visiting California mostly don't miss this place. San Fransisco is renowned for its Golden Gate Bridge, Alcatraz Island, Golden Gate Park, Union Square, Lombard Street.

The median household income of people living in San Francisco is around $95,000.

According to the 2019 data, the minimum wage of people living in San Fransisco is around $15.59. The median monthly rent and the cost of high-rise apartments in San Fransisco are approximately $4,000 and $3500 respectively. San Fransisco has an unemployment rate of around 8% and the poverty rate is around 10%. It has an expensive cost for groceries, housing, and apartments.

The rising tech industries is the main reason why San Fransisco is very expensive. The Silicon Valley in the San Fransisco Bay area that consists of hundreds and thousands of small and big tech companies has made San Francisco extremely expensive. Some of the well-known companies in San Fransisco are Apple, Google, Facebook, etc. There are other several reasons behind San Fransisco being one of the most expensive cities in the USA. High-income of San Fransisco residents and is one of the major tourist attractions of California are a few of the other reasons why living is so expensive in San Fransisco.

Related: Top 10 Best Private Islands For Sale In 2020





9.Honolulu, Hawaii



Honolulu is the capital city of Hawaii and is a very beautiful place to visit during Summer. Honolulu attracts millions of tourists every year with its tempting natural beauties. Some of the centers of attractions in Honolulu, Hawaii are Pearl Harbor, USS Arizona Memorial, Waikiki, Diamond Head State Monument, etc.

The median household income and the median home prices in Honolulu are nearly $80,000 and $ 1.5 million. The average monthly apartment rents in Honolulu is nearly $3,000. Honolulu has an unemployment rate of around 2.3% and the poverty rate is around 11%.

Out of the several reasons why Honolulu is one of the most expensive cities in the US, the below-average mortgage rate and very few new housings are prevalent. It is also expensive because of the high demand and low supply of apartments and housing in Honolulu. When there is less supply, the ones buying those houses are mostly wealthy and can afford it.

Related: Best Countries To Travel In 2021





13.Boston, MA



Boston is the capital city of Massachuttes with a population of around 700,000. Some of the top sights in Boston are Freedom Trail, Faneuil Hall MarketPlace, Boston Common, New England Aquarium, etc.

Boston is extremely expensive in terms of the healthcare system. It is way higher, around 22% than the average cost of the US. Moreover, Boston is skyrocketing in terms of groceries or food. The average household cost is approximately $600,000 and the average income of the people is around $65,000.

Boston replicates Silicon Valey of California where the establishment of tons of different tech countries has boosted its economy. Because of these tech companies, Boston has a very low unemployment rate of 2.1%




16.Washington, D.C



Washington, DC is the capital city of the US. As being the capital city plethora of full-time workers can be found in Washington. With a population of around 650,0000, Washington is rising on its population size.

The median household income of people residing in Washington hovers around $75,000. People generally pay an average o around $3000 as a monthly rate and the unemployment rate in Washington is close to 9%. Even though being a capital city, it has a pretty high poverty rate of approximately 17%.

Yes no doubt, as being the capital city, everything is overpriced. Not only groceries or health care but even buying one-acre land can cost you $1 million. But generally, people are adapted to the high price and can afford them more easily now.

Related: How To Get Free Land Anywhere In The World



18.Oakland, California



Oakland is another well-known city in California which is almost full of opportunities. This city provides shelter for big companies like Pandora, Southwest Airlines, etc.

In Oakland, the cost of living is more than 50% of the average cost of living in the US. The city has a less population that hovers around 400,000 and has an unemployment rate close to 3%. But, the poverty rate is pretty high being close to 20%.

As being home to big companies, it is obvious to have highly-priced apartments, housing, groceries, health, and overall living. But, people have very low earnings with the average being close to $5,500 and the cost of living is very expensive.


Expensive Cities Most Expensive Cities In The USA cities in the USA biggest cities in us largest cities in us most expensive cities best places to live in the us

Comments

You may also like

Websites And Stores Selling Branded Clothes In Cheaper Price

Websites And Stores Selling Branded Clothes In Cheaper Price

Business | 2020-12-12 23:11:29.0

Online shopping is easier than in person but it is not as easy as going to the restaurant and eating food. It does need some research and it does take some time

Types Of Work Visa USA

Types Of Work Visa USA

Travel | 2021-01-05 20:39:04.0

Types Of Work Visa USA. If working in the US is your major concern then, you must apply for a working visa. Usually, a visa needs to be applied from the US Depa

12 Best Places To Visit In Southeast Asia 2021

12 Best Places To Visit In Southeast Asia 2021

Travel | 2021-04-04 09:25:28.0

Southeast Asia is comprised of breathtaking beautiful countries and places that lie between the Indian Ocean and the Pacific Ocean. Enriched with history, cultu

Scan For Mobile Version


Recent Post

Best 15 Places To Visit In Afghanistan

Best 15 Places To Visit In Afghanistan
Travel | 2021-04-05 09:08:37.0

Afghanistan is one of the beautiful countries in South Asia. It is a landlocked country bordered by Pakistan, Iran, Turkmenistan, Uzbekistan, Tajikistan, and C

12 Best Places To Visit In Southeast Asia 2021

12 Best Places To Visit In Southeast Asia 2021
Travel | 2021-04-04 09:25:28.0

Southeast Asia is comprised of breathtaking beautiful countries and places that lie between the Indian Ocean and the Pacific Ocean. Enriched with history, cultu

Top 32 Countries With Free Healthcare

Top 32 Countries With Free Healthcare
Education | 2021-03-29 08:45:16.0

Countries Offering Free Healthcare Services. For several decades, the health care system has evolved supremely throughout the world. Technological advancement

Best 49 Graduate Nursing Universities In USA

Best 49 Graduate Nursing Universities In USA
Education | 2021-03-27 08:43:12.0

Nursing is the largest healthcare profession in the US. There are over 3.8 million registered nurses in the US and over 80% of them are employed in their profes

Trending Post

Best Ways To Learn Coding Online With No Extra Efforts

Best Ways To Learn Coding Online With No Extra Efforts
Programming | 2020-12-12 22:55:00.0

Programming languages are the leading skills to learn in this modernized and digitalized world. In today's generation if you want to work for a huge company and

What is Fundamentals of Engineering (FE) Exam? Its Importance, and Its Benefits

What is Fundamentals of Engineering (FE) Exam? Its Importance, and Its Benefits
Education | 2021-04-10 09:11:49.0

The NCEES Fundamentals of Engineering exam (FE) is a gateway to becoming a professional licensed engineer. It follows a CBT (Computer-Based Testing) exam format

Best Countries To Travel In 2021

Best Countries To Travel In 2021
Travel | 2020-12-13 20:30:16.0

Best Countries To Travel In 2021 the countries below are the best countries to travel to make your travel diaries thrilling, adventurous, and the best travel

29 Apps To Get FREE US Phone Number 2021

29 Apps To Get FREE US Phone Number 2021
Programming | 2020-12-13 20:54:24.0

Apps To Get FREE US Phone Number. Want to get a FREE US phone number from outside the USA? Are you planning to explore your business in the USA? In this

Schengen Visa - How To Apply For Schengen Visa?

Schengen Visa - How To Apply For Schengen Visa?
Travel | 2020-12-13 20:37:42.0

Applying for Schengen Visa has been a heated topic for several years. People are constantly asking and looking for how to apply for Schengen Visa.

© 2020, Melshams | All Rights Reserved
   Melshams Facebook Twitter  Instragram LinkedIn