The Economist Intelligence Unit recently released a report named “Worldwide Cost of Living”. It is a comparison of 133 cities around the world and highlights the most expensive and cheapest places to live in the world. We are going to look at the American cities that featured in the report and find how they fare.
We have also mentioned the cost of living index of each city in parenthesis which gives us an idea of how costly living there can be. Here is our list of the top 10 most expensive places to live in the USA in 2017.
List of Top 10 Most Expensive Places To live In The USA in 2017.
10. Pittsburgh, Pennsylvania [Monthly Cost for a Single Person: ($914.13+ Rent $1127)= $2041.13]:
The average rent in Pittsburgh is a just sigh of $2000, and a regular cappuccino is priced at $3.41. The city has been aptly named the Steel City because of its large concentration of steel-related companies. Home to many colleges and universities, prices of basic utilities like water and electricity are lower than most cities on our list. The city is home to many technology firms and federal agency headquarters.
9. Houston, Texas [Monthly Cost for a Single Person ($794.55+ Rent 1324.69)= $2119.24]
Arguably the most important metropolis in all of the Southern United States, Houston is the most populated state in its state. Home to NASA’s Mission Control Center Houston has been nicknamed the Space City. The city is one of the most diverse in the entire country, and the average rent here is around $2500. While a regular cappuccino is less than $4, a pack of Marlboros will leave you short by $7. Houston contains the hugely significant Texas Medical Center, a concentration of research and healthcare establishments.
8. Minneapolis, Minnesota [Monthly Cost for a Single Person ($926.32+ Rent $1249)= $2175.72]:
Minneapolis is a city known for its beautiful parks and lakes. You can spend your time on the banks of the Mississippi River; the city is famous for its thriving musical scene. A dozen eggs will cost you about $2.5, and a regular can of coffee is about $4. The average rent here is $2000 and a pack of cigarettes borders on $9. The city is home to many award-winning restaurants, but an average meal at a mid-level restaurant is about $50.
7. Honolulu, Hawaii [Monthly Cost for a Single Person: ($1096.59+ Rent $1681)= $2777.59]:
The gateway to the tropical paradise of Hawaii, Honolulu embodies the best of everything in the region. Urbanized locales set against a backdrop of beautiful natural surroundings give the capital city a perfect balance. A can of coffee here costs $7.32, and the average rent is close to $3000. However, every penny you spent will be worth it as Honolulu will provide you an experience you are likely to get nowhere else in the world.
6. Seattle, Washington [Monthly Cost for a Single Person: ($990+ Rent $1790) = $2780]:
The average rent in the Emerald City stands at $3000 while average monthly internet costs are $55 – a bit higher than most cities. A hugely important port city and one of the fastest growing cities in the entire country, Seattle is slowly transforming into a major hub for technology and internet companies. The birthplace of Jimi Hendrix, Seattle has produced several eminent music stars including Ray Charles and Quincy Jones.
5. Chicago, Illinois [Monthly Cost for a Single Person ($972.07+ Rent $1625.45)= $2597.52]
A can of coffee in the third largest city in the United States cost $4, and a dozen eggs will cost about $3. A city that is set apart by its unique sporting culture, Chicago is famous for its pizzas. Often chilly and windy, it is estimated the average rent here is about $3000. The city is known for the stunning Lake Michigan, and average cost one will incur on the internet is about $50 per month. Chicago has some iconic skyscrapers, and the Willis Tower is a magnificent piece of architecture.
4. Los Angeles, California [Monthly Cost for a Single Person ($920.70+ Rent $1807.74)= $2728.44]:
Often referred to as the entertainment capital of the world, just a can of coffee or a dozen eggs are priced same in Los Angeles at about $4. Smoking might be a habit you will want to quit because a pack of cigarettes (Marlboro) will set you back by $6. The average rent in Los Angeles stands around $3,500. The city is filled with attractions and a real tourist favorite round the year thanks to its mild climate and plentiful sunshine.
3. Washington, D.C. [Monthly Cost for a Single Person ($1183.47+ Rent $2140.12)= $3323.69]:
The capital of the United States of America is known for its beautifully designed white marble buildings. A can of coffee in Washington will cost you about $5, and the average rent in this city set on the eastern coast of North America is just shy of $2000. As you explore the various neighborhoods in this great city be aware that buying a home here will set you back by $767,000 on average. A dozen eggs cost $2.36, and a T-bone steak is priced at $10.52 in this city where the Capitol Building and the Lincoln Memorial are major attractions.
2. San Francisco, California [Monthly Cost for a Single Person ($1088.33+ Rent $3350)= $4438.33]:
Sunny San Francisco attracts the attention of the young, bold and adventurous across the globe. Buying a home in this city which has an active nightlife and splendid restaurants can cost you about $820,000. A can of coffee costs $6 and the average rent in this diverse city will set you back by $3000. San Francisco is famous for its beautiful architecture, and the Golden Gate Bridge is famous world over.
1. New York, New York [Monthly Cost for a Single Person: ($1166.12+ Rent $2934.33)= $4100.45]:
The Big Apple gains the number one position on our list, and just a can of coffee here will cost you more than $6. The average New Yorker pays a rent of nearly $4000, but top class accommodations are priced much higher. New York is home to landmarks such as the Empire State Building, Statue of Liberty and the evergreen Central Park. Also famous for the city that never sleeps, a home here is priced at an average of $1.36 million.
So that was our list of the most expensive places to live in the USA, and it is absolutely no surprise that New York comes on top. The report has been compiled after taking into account the prices of necessary goods and services in every city. How much food, clothing, utility bills, education, and residential places cost in these metropolises have been researched to prepare the price index.