10 Most Expensive Cities in the US

10 Most Expensive Cities in the US

If a new job has you moving to a new city, you may want to check to see how expensive life in this new city is before you celebrate your new salary. The following is a list of the most expensive cities in which to live in our United States, according to the 2009 Forbes survey.  While number one should be of little surprise, the rest of the top ten is fascinating.

10. Washington, D.C.

Our nation’s capital rounds out the top ten. This makes sense, considering the large amount of money flowing through the city as a result of the government, lobbyists, special interest groups, etc. However, Washington does lead the US in foreign real estate investment, and is considered a great place to buy real estate.

9. Houston, TX

The energy capital of the world, boasting a population over 2 million, is understandably expensive, but due to a relatively high average salary is also considered a great place to live.

8. Boston, MA

Citizens of Boston must compete for a place to live with students from around the nation who move there to attend its famous universities. Real estate is the area pulling Boston onto this list.

7. Chicago, IL

Real estate also drives up the price of living in Chicago, the hub of the Midwest, and one of the biggest financial centers in the world.

6. Miami, FL

It’s no surprise that the high demand for a Miami lifestyle drives the city onto this list. Also, the additional cost of hurricane insurance raises the cost of living in this tropical city.

5. Honolulu, HI

High costs of goods drives Honolulu to the top half of this list. The cost of shipping goods halfway across the Pacific Ocean makes the average good in Honolulu understandably expensive.

4. San Francisco, CA

San Fran lays claim to the second highest population density of any US city and is the financial center of the West. Its landmarks, such as the Golden Gate Bridge, Alcatraz, and Fisherman’s Wharf attract tourists from around the world, driving up the price of goods and services for everyone.

3. White Plains, NY

With a population only around 60,000, White Plains claims the number three spot. Its proximity to New York City provides this high cost, as it is an ideal location to live for those who work in the city, but wish to live outside its borders. White Plains is also the center of several national corporations as well.

2. Los Angeles, CA

The entertainment capital of the world and the second largest city in the country takes the number two spot. The weather and beaches drive demand for real estate high, while the cost of commuting in and around the city drives the cost of living even higher.

1. New York City, NY

New York City remains the most expensive city in which to live in the US. While its goods and services are approximately equal to that of Los Angeles, the average cost of real estate is almost double, making NYC one of the top ten most expensive cities in the world. Manhattan’s financial centers, entertainment, and nightlife make every square foot of its skyscrapers highly competitive. As a densely-populated financial center and highly-popular tourist destination, it easily takes the top spot.

(Lead Photo Via: Nosha)