(CNN Spanish) – The price increase does not stop in the US and you may be wondering how convenient the city you live in is. To help you answer this concern, here we give you the first entry: a list of the most expensive cities in the country.
New York is the most expensive city in the United States, according to the cost of living and income index of data analytics website Numbeo. It follows three Californians: Santa Barbara, San Francisco, and Oakland. In fact, California is the most prominent in the ranking, with five of the 10 most expensive being in that western state.
Numbeo values for reference combine two indicators: cost of living and income. The cost of living depends on the prices of consumer goods which include groceries, restaurants, transportation, and utilities. Rent adds to the equation the cost of rents.
With this data, this is a list of the most expensive cities:
- New York, New York)
- Santa Barbara, California.
- San Francisco, California)
- Oakland, California.
- Honolulu (Hawaii)
- Santa Clara, California.
- Boston, Massachusetts)
- Seattle, Washington)
- San Jose, California)
- Washington, District of Columbia)
If the cost of rent-free living is taken into account, New York will drop to third place and Honolulu and Santa Barbara will top the list, although there are slight differences. However, the city climbed to the number one position because it has the most expensive rent index in the country.
The relationship between the most expensive cities and countries
At the state level, a certain correlation can be observed. According to the Missouri Center for Research and Economic Information, the five most expensive states in the country (with the District of Columbia considered standalone) are Hawaii, Washington City, New York, California, and Massachusetts.
How does the cost of living compare?
If you are thinking of moving and looking for places where the cost of living is lower, you can check out CNN’s online calculator that allows you to compare what you pay between two cities in different detailed categories and overall.
Comparison made based on Cost of Living Index numbers and updated to 2021.
Inflation remains at record levels
In June, inflation again reached its highest point in more than 40 years. Consumer prices rose 9.1% year on year, according to data from the Bureau of Labor Statistics, higher than economists had expected.
Much of the increase was due to the price of gasoline, which grew nearly 60% in one year, but there were also increases in categories such as food and electricity.