Preparing to pick up and move to a new city can be a daunting task in any economic climate, but with a long term recession dragging down the finances of American families, avoiding cities with a high cost of living has become a pressing concern.
There are certain regions throughout the United States which are home to cost prohibitive cities and towns, including the California coast and the Northeastern seaboard. If you are planning to move shortly, it is best to find alternative destinations.
The following list of the most expensive places to live in the U.S. can be used as a guide to help plan your next move and assure that the next city you call home won’t become a financial drain.
New York, New York
The Big Apple has long been known as one of the most expensive cities in the world when it comes to the cost of living and rental rates. In a city where the average two-bedroom apartment rents for a staggering $4,300 per month, merely earning enough to cover housing costs becomes a grueling, never-ending process.
Because New York City is home to many of America’s cultural icons, including the Museum of Natural History, the Empire State Building, and the Broadway theatre district, citizens of this great metropolis pay a premium to live there. Unless you have to move to New York for a job opportunity, family issues, or another pressing reason, it is best to find a more affordable urban center.
San Francisco California
Combining one of the most stunning urban landscapes in the world with beautiful natural scenery, the City by the Bay rates among the most expensive places to live in America because of its boutique shopping districts and the premium placed on real estate in the limited area surrounding the San Francisco Bay.
Jupiter Island, Florida
During the age of mega-celebrity, which has defined the 2000’s, a growing amount of athletes and entertainers have built lavish estates in this Southern Florida enclave. Jupiter Island is currently home to multimillionaire moguls like Tiger Woods and Celine Dion, and the town ranks among the richest zip codes in the country.
As a suburb of Washington D.C., this town in southern Maryland is home to the political elite and ranks as the most educated community in the country. In 2010 the average cost of a four-bedroom, two-bath Bethesda home was $806,817, placing the town on 20th on the Coldwell Banker Real Estate LLC list of the most expensive homes in America.
Los Angeles, California
The home of shrines to opulence like Hollywood and Rodeo Drive, the city known as La-La Land, is a real fantasy world where expensive gourmet meals and luxury limousine rides are commonplace. The average American cannot afford to live in Los Angeles. Still, if you want to enjoy California’s famous beaches and sunshine, San Diego offers the same amenities at half the cost of living. Looking to live a frugal life? Read our article on reducing electricity bills.