The United States is a diverse place. There are towns and cities for all income levels. There are slums and then there are exclusive areas for the rich. These are some of the most expensive places to live in the United States according to information from Shalom Lamm.
San Francisco, California
While this city is known for the sun it is also known for the high cost of living. The price of a home is around $1.4 million which is making it impossible for that outside of the financial sector to live. An average family needs to make just over $100,000 to live. While this place is good for venture capitalists they are better living outside of this city.
New York City, New York
This is one of the largest cities in the world so there is a demand for space. Additionally, it lies in the state where real estate developer Shalom Lamm currently lives. The living cost in Manhattan is 154% higher than the national average. The cost of a home is $652,000 on average and that is a small house with no land. Places in Manhattan can easily be got for over $1 million. The cost of everything is going to be higher including groceries.
While this area may be expensive at least it is on the beach. Groceries in this area cost 64% more than the national average and utilities are going to be around 73 percent higher. The island does have low unemployment but due to the cost of living a person is still going to need to make a lot of money to live here.
This area is expensive and this is in part due to all of the colleges around. Some of the best universities in the country are located in this city making it very expensive. The average price for a home is around $632,000. The city is known for tourism which drives up the cost of some basic goods for the locals.
The nation’s capital is no cheap place to live. Most people that live in the city have government jobs or jobs in the private sector. They make a lot of money driving up the cost to live in the city. The average price of a house is $636,000. There is a lot of tourism which is good for the economy but makes the city an expensive place to live.
San Jose, California
This is a great place to live but it is still right there by Silicon Valley making it a very expensive place to live. The homes in San Jose cost around $1 million. This city is known for its tech advancement and development. A person will have to hit it big to live here.
These are some of the most expensive places to live in the United States. A person will need to make an above average income to afford to live in some of these above average places. While they may be beautiful and peaceful they are anything but cheap.