Dreaming of life somewhere more exotic, more cosmopolitan, more bustling with activity? Before you call the moving truck, consider just how much it costs to live in some of America’s big cities. Here’s a look at the 10 most expensive places to live in the United States:
- San Francisco: Not only is San Francisco a hub for technology companies and start-ups, but it’s also top on the list of most expensive places to live in the United States. Which probably isn’t entirely surprising. California’s Bay Area is known for its beauty and mild weather. Unfortunately for prospective homeowners, the median home price is $742,900.
- San Diego: But what about Southern California? San Diego rivals San Francisco for beauty, and it’s slightly warmer. There’s a strong military and corporate presence, which means plentiful job opportunities. But here’s a fact: The same reasons you would want to move to San Diego are the same reasons why others would want to move there, too. High demand equals high prices. And San Diego’s median home price is $493,100 — more palatable than San Francisco but still hefty.
- Los Angeles: The third market on this list is also in California. The Los Angeles market area stretches south to Orange County and north up the Pacific Coast. As a large hub of commerce on the West Coast, Los Angeles offers job opportunities, too. But finding an affordable home is still a challenge, as the median price is $450,900.
- New York City: While a city like Los Angeles sprawls out into suburbs and other municipalities, much of New York City is built straight up. While this leads to different styles and profiles of homes, the cost is similar. The media home price in New York City is $390,000.
- Boston: Boston is a city of history and significance, and today it is a city full of jobs in the health care, financial services and educational industries. Hospitals and universities are among the city’s top employers, and a home in the area will set you back a median price of $383,200.
- Washington, D.C.: It should come as no surprise that federal government jobs are the most prominent in our nation’s capital. But did you know the private companies that contract with federal agencies are just as prominent? Defense companies are among the most plentiful in Washington, D.C., where the median home price is $372,800.
- Seattle: Like California’s Bay Area, Seattle is home to a number of technology companies like Microsoft and Amazon. You’ll also find headquarters for major companies like Starbucks and Boeing in the Emerald City, where the median home price sits at $352,000.
- Denver: A major city set in the Rocky Mountains, Denver is desirable for its recreation opportunities, mild summers and strong economy. Find homes at a median price of $314,800.
- Portland: You’ll find Nike just a short drive outside Portland, plus headquarters for Kroger, Intel and other organizations. Portland is also known as a recreation destination, like Denver, as well as a laidback vibe that permeates the Pacific Northwest. Median home prices are $288,900.
- Miami: Life in Miami is about as close to paradise as you can get in the lower 48. But prospective homeowners will have to pay for the right to live in this tropical locale — a median home price of $265,000.
Have questions about real estate, whether across the country or right here in York, Pa.? At CENTURY 21 Core Partners, we offer a team of expert agents who can answer questions or provide guidance as you consider your next home. Contact us today!