BOSTON ( TheStreet) -- If the idea of paying $2,500 a month for apartment rent or $60 for a salon haircut gives you chest pains, here's a look at five U.S. cities to stay away from.
"These are all glamour spots -- people have to make a value judgment that it's worth the cost to live there," says Dean Frutiger of the Council for Community and Economic Research, which recently analyzed some 300 U.S. locales for its sixth-annual Cost of Living Index.
CCER studied each community's average price for a weighted basket of 56 goods and services, from potato chips to dental appointments.
Frutiger says researchers found that America's most-expensive cities all have stratospheric mortgage or rental costs, which account for 27% of the study's index. "Housing prices
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV