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STUDY REVEALS MOST EXPENSIVE CITIES IN US

By
Real Estate Agent with One Sothebys International Realty

A recent examination of living costs from the folks at gobankingrates reveals the most expensive cities in the U.S. The study considered the average costs of rent, groceries, utilities, transportation & health care, added 30% for discretionary spending and 20% for savings. Per the results, the amount needed to live 'comfortably' ranged from $119,570 annually for San Francisco (the most expensive) to $68,671 for number 10 ranked Chicago. Residents in number 6 ranked, Miami, Fl. need $77,057 annually to live comfortably. Surprisingly, Honolulu didn't make the list. The top ten cities, in order from most to least expensive are: San Francisco, San Jose, New York, Boston, Washington, D.C., Miami, FL., Los Angeles, Seattle, San Diego & Chicago. 

 

 

 

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