Buying a Home 6 MIN READ

Top 10 Most Expensive Cities

top-10-expensive-cities Written by Marquette Carney

Whenever someone tells you that money isn’t everything I want you to slap them square in the face.

Seriously. 

Sure, there’s more to life than having a lot of dead presidents in the bank. But life certainly is a lot more fun with it. 

And one of the fun things you’ll be able to do with that valuable paper is live in some of the most in-demand and expensive cities in the country. 

You know, those spots that you save up for a year or two just to visit. Yea. People actually live there. Like, permanently. 

But why are these places so expensive?

That my friends will be the question I answer while going over the top 10 most expensive cities in the US. 

Let’s get started. 

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City number 10, Miami Florida

Welcome to the infamous city of Miami, also known as “Magic City” for its tendency to make your money disappear. 

Miami is known for its neverending nightlife. But I think the reason people really prefer not to sleep is that they don’t want to wake up and see that rent is due. 

While Miami isn’t the most expensive city on this list, it is still a pretty pricey place to live. 

And one of the reasons why living here will set back your bank account is because businesses in the area are thriving. 

Successful businesses mean that everything else in the area goes up in price.

Honestly, if you never wanted to eat the rich before, just take a visit to Miami and you’ll develop the appetite. 

City number 9, Los Angeles

I’ll let you know right now, the state of California isn’t a guest star in this video. It’s more like the protagonist. Because quite a few cities on this list are located in the state. 

That’s why I took an oath that I’d never move my family there. 

Anyway, people from all over the country flock to this city to follow their dreams of being movie stars even though they could barely get casted in a high school play. 

And this is a decision many regret once the reality hits of how expensive the city is. 

Median home prices in Los Angeles are around $882,150.

And a whopping 18% of the city’s residents live below the poverty line.

I won’t go into why the city is so expensive because it’s quite obvious. People love celebrities and the prestige of certain zip codes drastically drives up costs. 

So, yea I’d skip this place if I were you.

City number 8, San Diego

What a surprise. Another city in California. 

Honestly, some of these cities aren’t even worth the amount of money you pay to live there. 

Don’t believe me? I’ll prove it to you. 

Sure San Diego has perfect weather and tons of things to do. But do you know what it also has? More fleas than any other city in the US.

Now I don’t know who’s job it is to count fleas, and I don’t care. When I hear a fact like that, I tend to just believe it and go on about my day. 

The median home price in this area is $829,062, which means the fleas aren’t the only bloodsuckers in the area. 

You’ll need around $79,600 per year to live like a pauper in this city so if you’re ok with that, be my guest. 

City number 7, San Jose

Up next we have the famous Silicon Valley. Not to be confused with silicone valley, which is located in Beverly Hills. 

Listen, the presence of Silicon Valley in this area means that a lot of money and opportunities find themselves in San Jose. 

And with a lot of money and opportunity comes inflated prices. 

That’s why the median house price in the city is around…you ready for this? 1 million dollars. 

The only way you’ll be able to afford to live in this city is if you have one of those high-paying tech jobs. 

You know, the jobs where they pay you 500k per year to type on a computer. 

Man, I’m in the wrong profession. 

City number 6, Oakland

We’re almost done with California, I promise. 

But I had to include Oakland on this list because it’s hella expensive. It’s also the birthplace of the word “hella”, so it has a special place in my heart. 

However, Oakland is still not for the faint of heart. Because the prices of living in this city can be downright frightening. 

For instance, the median home price in Oakland is a whopping $938,733. And rent it no better. Expect to pay upwards of $3,000 per month for convenience. 

Part of the reason why Oakland is so expensive is that the city is heavily regulated. So it can be incredibly expensive to have new homes built. 

And with the expansive natural beauty of the city, there’s a high demand for newcomers in the area. 

I hear most of these newcomers are migrating from San Diego because of the flea problem, but you didn’t hear that from me. 

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City number 5, Washington D.C. 

Oh you know we had to include the nation’s capital on this list. 

Here’s a fun fact: Washington residents drink more wine per capita than any state in the country. 

And honestly, I don’t blame them. If I knew the median home price in my city was $692,000, I’d get drunk too. 

If you have a family of 4, you’ll need around $79,696 per year to leave paycheck to paycheck in Washington. 

So what’s the takeaway? I don’t know. Maybe stop having so many kids?

City number 4, Boston 

The first thing you need to know about Boston is that it’s where the first Dunkin’ Doughnuts was established. 

And I find it fascinating that such an expensive city could produce such a crappy doughnut. 

If you disagree about their doughnut quality, you can just stop the video right now. We can’t be friends. 

If you ever plan to move to this city, you should know that you’ll be paying a premium for groceries and healthcare. 

These things are about 20% over the national average. 

And the median price for a home isn’t any better. You’re looking at paying around $685,000 for that. 

But on a more positive note, you’ll be surrounded by respected higher learning institutions as well as a ton of history. 

I mean, I almost took a nap just thinking about that. But I’m sure some people may get a kick out of those things. 

City number 3, Honolulu 

I’m truly surprised the people in Honolulu haven’t committed mass suicide. 

Just stepping foot in this place means you’ll pay around 70% more for groceries and 102% more for utilities. 

To add insult to injury, wages are not any higher. 

If that doesn’t make you want to drink cyanide-laced Kool-aid, I don’t know what will. 

For those of you with a family of four, you’ll need to bring in around $122,000 a year to live comfortably here. 

Part of the reason why you’ll need so much money is that almost all food has to be imported to Honolulu. 

And we’re talking imported by plane or boat, so yea, that first-class flight is the reason why you’re paying double for your eggs, Jim. 

Also, similar to the previous city, space is a big problem in Honolulu. There just aren’t a lot of places to build houses. So if you plan on buying one in this area, be prepared to spend some major cash. 

City number 2, San Francisco 

The small city of San Francisco certainly has pretty big prices. 

Just about anything relatively close to the golden gate bridge will have you apologizing to your bank account. 

Consider the prices of homes. The median price for homes in this city is 1.4 million dollars. And I honestly don’t get it. I mean, sure the golden gate bridge is nice. But it’s still just a bridge. 

But apparently, the natural beauty of this place makes it an in-demand city to live in. And with San Francisco only being like 7 miles wide, there definitely isn’t enough supply to match the demand. 

However. 

If you’re desperate to move to the area and don’t happen to have that sort of cash, I found a way to cheap way to hack the system. 

Just commit a very serious crime and try to get locked up in Alcatraz–which is technically in the city. 

Considering you’ll get free food, a room, and some company, it’ll almost be like staying in a Motel. 

Hey, I said I found a cheap way in, I never said you’d like it. 

City number 1, New York City

Welcome to the big apple. Btw way, the reason the city is called that is totally random. Something to do with racehorses and absolutely nothing to do with apples. 

I know, total letdown. 

Anyway, if you want to live in a place like this comfortably, you better get used to a life of crime. The median price for a house here is $662,535. 

And do you want to know why they say if you can make it here you can make it anywhere? Because their unemployment rate is about 11.6%. Meaning that if you do luck up and get a job, you are a highly qualified candidate. 

The reasons this city is so expensive can be summed up as being super convenient and high-paying. 

You absolutely don’t need a car while living in New York–which can be a good or a bad thing depending on if someone on the subway has a psychotic break that day. 

Also, the jobs here pay a lot of money. Making them in demand and being a siren call to everyone somewhat close to the city. 

Ok people, that’s the end of this list. 

But before you go, I want you to share what you found to be surprising or what city you thought would be on the list, but wasn’t. 

And make sure to like and subscribe to our channel if this video made you chuckle. 

Until next time. 


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