The 6 Most Unaffordable Places To Live In America
Where is the most unaffordable place to live in the United States? Take a guess. The Council for Community and Economic Research has revealed the most costly cities in the U.S. — and the results might surprise you. The study analyzed the cost of living in 269 urban areas for groceries, housing, transportation, healthcare, and other factors. Here are six of the most expensive places to live in the country.
6. Portland, Oregon
Situated on the Pacific Northwest, people know Portland for its laid-back lifestyle. House prices here aren’t so chill, though. The average cost of a house is $507,368, which is twice as high as the national average. Rental costs are also expensive, so bear this in mind if you’re thinking about moving here.
In case you were wondering, a half-gallon of milk costs $2.06 and a ribeye steak costs $12.94 (both are more expensive than most U.S. cities). Plus, monthly energy bills will set you back an average of $145.24.
5. Juneau, Alaska
Despite not being part of the continental U.S., Alaska packs a punch when it comes to prices. Juneau, in particular, is seriously expensive to live and makes the fifth spot on this list.
Why? Well, housing costs beat out the national average, for starters. Here, the average price for a home is $509,408, and many locals have seen rental costs soar in recent years. What about food and drink? A half-gallon of milk will cost you $2.81 and a ribeye steak $13.59.
Freezing temperatures in the “Last Frontier” will also increase the cost of your energy bills. In Alaska, average bills cost $262.85, which is higher than the national average.
4. Manhattan, New York, New York
It’s no surprise that Manhattan takes the fourth spot in this list of the most expensive places to live in the U.S. Here, the average house price is a staggering $1,739,037 — higher than any other place in the country.
New Yorkers pay a premium to live in the “Big Apple,” which bursts to the brim with world-famous museums, restauraunts, and theaters. The Empire State Building, Times Square, Central Park you name it — Manhattan is jam-packed full of iconic landmarks.
Manhattan is also the financial capital of the world, and you need some serious cash to live here. A half-gallon of milk costs $3.24, while a ribeye steak will set you back $12.88.
3. Boston, Massachusetts
Boston brims with cultural landmarks and some of the world’s best educational institutions. It’s a shame, then, that it’s just so expensive. Here, the average house price is a whopping $604,205 — 70 percent higher than the national average. Rental prices are considerably higher than in other U.S. cities, too.
When it comes to day-to-day living, a half-gallon of milk costs $2.49 and a ribeye steak costs $12.14. Sure, this is a little cheaper than Manhattan, but higher average monthly energy bills mean “Beantown” takes the third spot on this list.
2. San Francisco, California
The San Francisco-Redwood City-South San Francisco metro area is seriously expensive, and it’s not hard to see why. With a booming tech industry and loads of iconic landmarks, the “Golden City” is a great place to live (if you have the cash.)
Despite being warmer than cities on the East Coast, average monthly energy bills are just as expensive ($235.44). Then there are house prices. Wait for it, the average house costs an eye-watering $1,182,092. Average rental costs aren’t cheap, either. Oh, and a half-gallon of milk costs $2.74 and a ribeye steak $12.94, which is significantly higher than other U.S. cities.
Despite these high costs, most people in San Francisco wouldn’t want to live anywhere else. Where else can you grab a bite to eat in somewhere as beautiful as Union Square? Or take a stroll in an urban green space like Golden Gate Park?
1. Honolulu, Hawaii
This is it: The most expensive place to live in the U.S. You might have though Manhattan would take the top spot, but it had to settle for fourth place. Surprisingly, Honolulu makes it to No. 1. This beautiful Pacific island is full of culture, history, and some of the best seafood in the world. But it’s also ridiculously expensive, as you’re about to find out.
First up, the house prices. The average home price here will set you back $1,044,462. This is less expensive than Manhattan, but it still exceeds the national average. Then there’s the average cost of energy ($432.62 per month!). To make matters worse, a half-gallon of milk costs $3.64, while a ribeye steak costs $13.06.
Of course, you can’t put a price on Hawaii’s natural landscapes and beautiful beaches.
If you are thinking about moving to any of the areas on this list, you need a good home insurance policy to provide you with peace of mind.
These are six of the most unaffordable places to live in the U.S. — and with good reason. Generally, these areas are close to iconic landmarks or beautiful natural scenery, so people pay a premium.