Top 10 Most Expensive Places to Live in US 2012

Even after the economic slowdown of 2008-2009, some American cities still boast of high living expenses. Many reasons including high industrial growth, good tourism business, sound trading etc has encouraged these US cities to become expensive in terms of living compared to their neighbours. Read through further to know more about the top ten most expensive places to live in United States.

Top 10 Expensive States to live in US 2012

1. New York

2. Los Angeles

3. White Plains

4. San Francisco

5. Honolulu

6. Miami

7. Chicago

8. Boston

9. Houston

10. Washington

Top Ten Most Expensive Places to live in US

Here is the list which follows the top ten most expensive places to live in United States.

1. New York

One of the most populous city of United States, New York also has a name for being the most expensive place to live in America. The global power city has a significant role upon commerce, finance, media, art, fashion, research, technology, education, and entertainment. The city is also the home for the United Nations headquarters and is a cultural capital of the world. 8,244,910 is the current population of the city with $50,285 as the median household income.

2. Los Angeles

Famous with its initials LA, Los Angeles is located to the south of California with a population of 3,792,621. Also the seat for one of the most racially varied counties, Los Angeles County, the city is a leading global centre for business, international trade, entertainment, culture, media, fashion, science, sports, technology, education etc and has been ranked the third richest and fifth most powerful and influential city in the world. It has earned a reputation for being the “Entertainment Capital of the World” with the renowned Hollywood based in it.

3. White Plains

Located in south-central Westchester, White Plains is the commercial hub and the administrative centre of Westchester County. The economy of White Plains revolves around large companies such as ITT, Bunge and Combe along with the US headquarters of Nokia and Heineken. If you are in White Plains, you can get a cup of coffee for $3.50 and fast food hamburger meal for $6.29.

4. San Francisco

The living expense of San Francisco is no less than its famous mountain peaks with castoff living index as 162.1. The metropolis is populated with 4,222,756 people whose average household income is $ 72,059. San Francisco is the leading financial and cultural centre of Northern California and is also one of the top tourist destinations in the world.

5. Honolulu

The average home price being above the national average, one has to pay a fat amount to live in the paradise island, Honolulu. The capital city of Hawaii is also a major economic hub of the islands of the Pacific Ocean and is a massive skyline. Since its location in Pacific it has turned out to be a large business and trading place, particularly between East and West and acts as a natural gateway to the islands’ large tourism industry, contributing $10 billion annually to the local economy. Honolulu has 953,207 population with $70,093 as the normal domestic profit.

6. Miami

Nick named as “Capital of Latin America”, Miami is yet another most expensive place to live in United States. It harbours many centres for finance, commerce, culture, media, entertainment, the arts, and international trade. In 2010 the city was even classified as an Alpha-World City. Downtown Miami has the address to the largest concentration of international banks in the United States, and is a home to many large companies both nationally and internationally. For over two decades, the Port Miami is known as the “Cruise Capital of the World”, since it has been the number one cruise passenger port in the world.

7. Chicago

Popular with a number of names including “Chi-town”, “Windy City”, “Second City”, “City of Big Shoulders” etc , Chicago’s importance has found a face in numerous forms of popular culture, including novels, plays, movies, songs, various types of journals and the news media. The city is also known to have the fourth-largest gross domestic product (GDP) in the world and is one of the most prominent worldwide centers of commerce and trade.

8. Boston

With many colleges and universities within the city and surrounding area, Boston is an international centre of higher education and a centre for medicine. The city’s economic base includes research, manufacturing, finance, and biotechnology thus accounting for its high rate of living expenses. For variety of reasons, Boston was ranked number one for innovation, both globally and in North America.

9. Houston

Houston is rated as a global city for its economy is based on industries such as energy, manufacturing, aeronautics, and transportation. It also has a high ranking in health care sectors and building oilfield equipments. Houston has an active visual and performing arts scene in the Theatre District and is a home to many cultural institutions and exhibitions.

10. Washington

Washington has a high living standard as well as high source of income. With 5,306,742 population it has a living index of 137.9 and $81,163 median household income. It is the capital of United States with all its major legislative and judiciary bodies located in the city. Washington also hosts 176 foreign embassies and the headquarters of many international organizations, trade unions, non-profit organizations, lobbying groups, and professional associations.

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