The 10 most expensive cities in America: The monthly cost of living in the typical city in the United States is $5,111.17 dollars. That amounts to $61,334 per year when converted. For many people, that would push their budgets to the utmost limit, but for renters in the most pricey cities in the United States, which are primarily located in California, anything that is less than six figures is just not even an option.
The rental data came from ApartmentList, the cost-of-living data came from Sperling’s Best, and the data on average expenditures came from the Bureau of Labor Statistics. financialdosh used this information to determine which cities in the United States present the greatest financial challenges for residents. Any city that had an AreaVibes livability score that was lower than 65 did not make the cut.
You say that it’s difficult to make ends meet where you live, do you? Consider moving to one of these ten cities, which top the list of the most expensive places in the United States to rent a home.
The 10 most expensive cities in America
Emeryville, located in California
2022 1-bedroom rent: $2,631.29
The yearly cost of living in Emeryville, California, which is home to Pixar Animation Studios, is $94,147.69, or $7,845.64 per month. This makes Emeryville one of just two cities in the list where a person can get by on five figures alone. The cost of this is a livability score that is among the lowest on the list at 67, which is regarded to be simply mediocre and is the lowest possible score.
Marina del Rey, California
2022 1-bedroom rent: $4,471.14
On the opposite end of the spectrum of livability is Marina del Rey, which, with a score of 84, is one of just one other city that can boast a higher score. It, too, provides an annual cost of living that is less than six figures. For a total of $98,931.74, or $8,244.31 a month, it is possible to build a life there. The rent is exorbitantly costly, though; in Marina del Rey, the cost of a one-bedroom apartment is about $1,400 more than in the city that is traditionally ranked as having the highest rents.
Lake Forest, located in California
2022 1-bedroom rent: $2,544.00
With a score of 77 out of 100, Lake Forest is ranked third-worst on the list in terms of livability. It is one of just four that comes in below 80. The rent is just slightly more than the second lowest one in the ranking. It costs $102,979.79 a year to live there, which is equivalent to $8,581.65 every month.
Hoboken, New Jersey
2022 1-bedroom rent: $2,988.14
There is not a single city on the list that has a greater livability score than Hoboken, which is the only city on the list that is not located in California. However, the journey might be well worth it due to Hoboken’s exceptional score of 85 on the livability scale. There is a high cost of living there, with inhabitants of only three cities having to pay the highest monthly rent. The monthly cost of living comes to $8,959.88, which is equivalent to the yearly cost of living of $107.518.50.
Irvine, located in California
2022 1-bedroom rent: $2,675.57
Irvine comes in last on the list with a livability score of 79, which is nevertheless considered to be remarkable despite the fact that it is one of just four cities with a score lower than 80. Irvine is the final city on the list with a cost of living that is manageable on less than $10,000 per month due to its annual cost of living of $114,755.91, which comes down to a monthly cost of $9,562.99.
Union City, in the state of California
2022 1-bedroom rent: $2,497.29
The score of 68 that Union City received for its livability is second to last on the list, behind only Emeryville. The downside is that it has the lowest rent of any of the 10 cities considered. In order to maintain a comfortable life in that month with an annual cost of living of $122,054.66 dollars, you will require a monthly income of $10,171.22 dollars.
Dublin, located in California
2022 1-bedroom rent: $2,753.29
The high quality of life in Dublin, which is reflected in the city’s score of 82, does not come without a price, though. The yearly cost of living in Dublin is $122,115.99 ($10,176.33 per month), which is very close to being on level with the cost of living in Union City.
Foster City, located in California
2022 1-bedroom rent: $3,085.14
Foster City is one of just two cities in the United States where the average monthly rent is more than $3,000. The housing market in Foster City is second only to that of Marina del Rey. That will provide you an admirable score of 80 for the cost of living, but rent is far from being the only financial factor. The astonishing amount of $176,764.59 each year, or $14,730.38 per month, is what the cost of living in Foster City is estimated to be.
The city of Newport Beach in California
2022 1-bedroom rent: $2,664.00
The yearly cost of living in Newport Beach is exactly $216,693.02, making it one of just two cities on the list to have a cost of living that is more than $200,000. This comes out to a monthly month of $18,057.75 dollars.
Cupertino, California
2022 1-bedroom rent: $2,996.00
If you want to make Cupertino, the home of Apple, your permanent address, you will need to come up with $18,124.20 per month, which is equivalent to $217,490.36 every year. Cupertino, California, scored an 83 out of 100 on a scale that measures how livable a city is, placing it in the top three of the list. Apple, on the other hand, appears to have excellent taste in real estate.
