3 New York Boroughs Make Top 10 Most Expensive Places To Live
NEW YORK (CBSNewYork) — Three New York City boroughs made the top 10 list for the most expensive places to live in America.
The Council for Community and Economic Research recently measured common purchase prices in 307 urban areas to determine the cost of living for each, based on 2012 data, Jason McCormick of CBS MoneyWatch reported on Yahoo Finance earlier this month.
But rather than considering New York City as a whole, the study divided the city into its five boroughs, and thus, the city captured the No. 1, 2 and 4 spots on the list.
Manhattan came in at No. 1, as the most expensive place of all. The city had a cost of living index of 225.4, up against a national average of 100.
The market prices for Manhattan were $3,902 for monthly rent, $1,303,421 for a home purchase, $3.697 for a gallon of gas, $22.21 for a haircut, $13.33 for a movie ticket, $9.67 for a bottle of wine, and $2.34 for a half gallon of milk, the report said.
But as will come as no surprise to New Yorkers, crossing the East River will not result in a cost of living too much cheaper. Brooklyn came in at No. 2 on the list, with a cost of living index of 178.6.
The market prices for Brooklyn were $2,411 for monthly rent, $959,907 for a home purchase, $3.910 for a gallon of gas, $13.83 for a haircut, $12.25 for a movie ticket, $10.02 for a bottle of wine, and $2.12 for a half gallon of milk, the report said.
Queens also made the list, coming in at No. 6 with a cost of living index of 148.3.
Market prices in Queens were $2,152 for monthly rent, $630,189 for a home price, $3.879 for a gallon of gas, $17.79 for a haircut, $12.48 for a movie ticket, $8.96 for a bottle of wine, and $2.58 for a half gallon of milk, the report said.
Rounding out the list were Honolulu at No. 3; San Francisco at No. 4; San Jose, Calif. at No. 5; Stamford, Conn., at No. 7; Washington, D.C., at No. 8; Orange County, Calif., at No. 9; and Boston at No. 10.
The cheapest cost of living was found in Harlingen, Texas, located in the Rio Grande Valley, and known for its Valley Race Park greyhound racetrack and its Bass Pro Shops Outdoor World. An apartment listing in that city showed a development with three-bedroom, two-bathroom apartments for only $850 per month.
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