10 Most Expensive Cities In The US
Author:
Katie ZiraldoApr 20, 2024
•6-minute read
There’s something to be said for the hustle and bustle of a big city. Whether they’re drawn to the job opportunities or the proximity to shops, restaurants and other amenities, there’s a reason so many Americans continue to flock to these city centers.
But for all their advantages, the cities on this list also come with one significant drawback – a higher cost of living. So, what are the most expensive cities in the U.S. and what makes them so appealing despite their price tag? Let’s get into it.
1. New York City, New York
- Population: 8,467,513
- Median Household Income: $67,046
- Median Home Price: $850,793
- Median Monthly Rent: $1,489
As the largest metropolitan area in the U.S. (and the fourth largest in the world by population), the city of New York is packed to the brim with opportunities to explore and embrace culture, entertainment and business.
From Far Rockaway Queens to the North Bronx, there’s something for everyone in this city – which happens to be among the richest in America, with a cost of living 87.2% higher than the national average, according to Best Places. But this hefty price tag doesn’t seem to be deterring future generations of New Yorkers from making a move to The Big Apple, with the population growing 6% since 2020.