Have you ever wondered how much it would cost to settle down in New York or San Francisco? You may be shocked to find out the answer.
As two of the most expensive cities in the U.S., quality of life does not come cheap, as the Reader’s Digest recently noted in a list of the cities that are the most expensive to live in. Based on that report, here are the top 10:
10. Brighton, Massachusetts — The cost of living in Brighton is nearly 40% higher than the rest of the U.S. The average rental for a one-bedroom apartment alone is $3,402 per month.
9. Foster City, California — The cost of living in The Golden State is notably higher than in other parts of the U.S. and this is especially true for Foster City, where the average rental of $4,690 for a two-bedroom is nearly 200% higher than the national average.
8. Boston — The cost of living in Boston is roughly 50% higher than the national average. A one-bedroom rents for about $3,533.
7. West Hollywood, California — When it comes to the highest cost of living, California ranks second on the list. Rent is roughly 172% higher than the national average and the median home value is estimated to be $820,000.
6. Menlo Park, California — The median home value in Menlo Park is estimated to be roughly $2.2 million while the average rental for a one-bedroom apartment is 172.11% above the national average.
5. Santa Monica, California — Experts believe that the Santa Monica estate market is cooling but that has not changed the fact that cost of living in this Southern California beach town is about 48% higher than the national average. A one-bedroom rents for about $3,786 and the median home price is $1.7 million.
4. Redwood City, California — The most expensive studio apartments can be found in Redwood City, where the average rent is about $3,361.
3. Mountain View, California — Having Google’s headquarters in your town will inevitably increase the cost of living- which is the case for Mountain View, where the median rents have doubled in the past few years. A one-bedroom apartment can be rented for about $3,828.
2. San Francisco — Nearly all residents in the Bay Area agree that their cost of living is high and this is evident in the average rental for a one-bedroom, which costs roughly $3,854. The median house value is $1.3 million.
1. New York City — It is no secret that living in the Big Apple is a costly affair but just how expensive is it to live in this U.S. city? Rent for the average one-bedroom apartment is 200% more than the national average. You can expect to pay roughly $4,146.71 per month on rent alone. Then there is the matter of travel. It costs roughly 27% more to move around the city than anywhere else in the U.S.