Being the largest economy in the world, The United States of America is one popular destination for people who seek to setup new business or who seek an occupation. The US’s cities attract millions of tourists from around the world also. People migrating for business, new jobs or simply planning a vacation can benefit from collecting information about the most expensive cities in the US. Understanding how much it costs to live in a city, and why, is better and can make or break a decision to move. Not amazingly, California cities prevails the list of America’s priciest cities.
Table of Page Contents
Here is a list of the Top 10 Most Expensive Cities in the US:
10. Washington DC
This city is named after George Washington, the first president of U.S. There are many exciting memorable place in DC which attracts large number of tourists from all over the world which contributes an average of $4.8 billion per annum. The average house price in DC is $443000. By the statistics, 4 of the largest 500 companies have made this city as their headquarters. The district’s gross amount is $103.3 billion, which makes it 34th rich among other 50. Washington Metropolitan Area has gross product of $425 billion, which makes it the 4th richest metropolitan economy in US. To live comfortably in Washington, it costs $83,104 slightly less expensive than New York.
9. Orange County, California
About 7 million visitors travel to this city which makes tourism a vital part. Many fortune companies have their headquarters here namely Ingram Micro, First American Corporation, Broadcom, Western Digital and Pacific life. Coast Plaza, a mall located here is the largest mall in California and the third largest in the US. The average cost of a house in this city is $705000, which is almost 13 times the resident’s annual salary.
8. Stamford, Connecticut
Lots of companies have made their headquarters here which includes a number of Fortune 500, Fortune 1000 and Courant 100 companies. This wealthy metro area was once upon a time, a modest colony of Puritan settlers. Cost of living is more than 60% of average person’s salary.
7. Hilo, Hawaii
Hilo is the largest settlement and census-designated place (CDP) in Hawaii County, Hawaii, which covers the Island of Hawai’i. Being the antique city in the Hawaiian archipelago, Hilo has a significant tourism section as it continues Hawaii’s leading employer, revenue producer and growth sector. Hawaii had a gross state product of $54 billion which is reported for 0.4% of the nation’s gross domestic product. Hawaii’s wholesale trade sector had sales sum up to $9.9 billion from 1876 establishments.
6. San Jose, California
San Jose located in the heart of Silicon Valley is home for many major companies and startups. It’s one amongst Top 10 Most Expensive Cities In The US 2017. The city is known for its affluence and high cost of living which gives it a name “Global City”. The large concentration of high-tech engineering, computer and microprocessor companies throughout San Jose had led the city to be named as Silicon Valley. Children’s Discovery Museum located in San Jose is the world’s largest permanent Monopoly game, as indicated in the Guinness Book of World Records. The cost of living comfortably in San Jose is $89734 which seems like a bargain compared to San Francisco, but it is still expensive as it is the second costliest large city in the nation. The average house costs about $575000.
5. New York
New York is a global hub of international business and commerce which is also the major center for banking and finance, retailing, world trade, transportation, tourism, real estate etc. Omnicorn Group and Interpublic Group, the 2 global advertising agencies’ combined revenue is US$21 billion- which indicates that City’s role as the top global center for the advertising industry, which is referred as “Madison Avenue”. With the media largely centered in New York, its cost of living is $87446 and the average cost of home is about $501000.
4. San Francisco
San Francisco metro area is a hot spot for wealthy residents with its diverse population, numerous cultural attraction and pleasant weather. The average cost of house in San Francisco is $820000. San Francisco is denominated as “Alpha World City” for its 30 international financial institutions, Fortune 500 companies and a large support infrastructure of professional services which include law, public relations, architecture and design. Go Banking Rates estimates the cost of living comfortably in San Francisco at $119000.
The biggest city and airport in the Hawaiian islands, Honolulu acts as a natural gateway to the islands’ large tourism industry, which attracts millions of visitors and contributes $10 billion per annum to the local economy. The city is also a major hub for international business and military defense which is also the 2nd safest city in US. Hawaiian Airlines, Island Air, Aloha Air Cargo and many more have headquartered this city. Honolulu residents pay a lot of money for just about everything as groceries alone costs 55%, which is more than anywhere else in the US. The average cost of living is $58,397.
The rezoning of Downtown Brooklyn has generated over US$10 billion of private investment and $300 million in public betterment. Also the city is partnered with foreign cities namely Anzio, Gdynia, Besiktas, Leopoldstadt, London Borough of Lambeth and Bnei Brak. Brooklyn Museum is known for its 1.5 million objects, from ancient Egyptian masterpieces to contemporary art.
Manhattan is the most densely populated borough and historical provenience of New York City. This city is reported as the cultural and financial capital of the world and also it hosts the United Nations Headquarters. This city is home for two world’s largest stock markets, New York Stock Exchange and NASDAQ. The real estate here has become the most expensive in the world among all with the value of Manhattan Island surpassing US$3 trillion.
These were the Top 10 Most Expensive cities in the US 2017. These cities have been the cultural and commercial capitals and have housed numerous residents. The standard of living in these cities are high, also cost of living is also very high when compared to other cities in the country. Stay in touch with the space for more trending and latest topics from around the world.