Most Expensive US Cities to Live and Work in 2023
from My E-Listing, December, 2022
The cost of living in the US varies from city to city. Even within the same state, there can be a big difference in the cost of living from one town to another. The most expensive cities in America are those that have the highest costs for housing, goods and services, and transportation.
Cost of living indexes are often used to adjust salaries for employees who work in different locations. These indexes can also be used to help individuals decide where to locate if they are considering several different cities. By comparing the cost of living in different cities, you can select a city where a given salary will go further.
This analysis is based on a cost of living index that takes into account the cost of living in metropolitan areas. The average cost of living nationwide is 100, with 100 being the national average and higher numbers indicating more expensive cities.
Learn which are the most expensive cities to live and work in according to our recent Q4 2022 research below….
#5 – Honolulu, Hawaii
Honolulu scores 202 on the affordability index, meaning the living expenses are 102% higher than they are nationwide. That doesn’t account for state tax rates, which are among the highest in the nation.
In addition, housing prices are high, as are shipping costs: You’ll be paying about $2,000 a month to rent a single-bedroom apartment, and the average home value in Honolulu is about $860,000.
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