The 10 Most Expensive Cities in America

NEW YORK (TheStreet) -- Wouldn't it be nice if we all could walk through life without those pesky financial worries that so often prevent us from having a good time?

Many of us stop to ask ourselves "Can I really afford to buy this?" before making a fun purchase. Perhaps you’re debating about taking a trip overseas or just trying to decide if you can go out to eat.

A number of economic burdens can stop us from enjoying ourselves. We have to worry about bills, mortgages, rent, groceries and more. These burdens are heavy, and can feel even more so depending on which city in the U.S. you call home. 

The following is a list of the 10 most expensive U.S. cities to live in, based on data compiled for the Council for Community and Economic Research’s Cost of Living Index. The Index weighed several factors in 308 cities in order to determine the most expensive, including the average cost of rent, price of a home, the cost of specific grocery items, the price of a visit to the doctor and more.

 

10. Hilo, Hawaii

Hilo is the least expensive city on our "most expensive" list. Tourists visiting "The Aloha State" often find themselves never wanting to leave, and who could blame them? The state offers an array of activities from surfing, scuba diving, snorkeling and, for you relax-with-a-good-book types, enjoying the warm weather and the ocean breeze is the perfect way to spend an afternoon.

Price of a home: $488,500

Average Rent: $928

Cost of a Coke: $2.41

Cost of a Dozen Eggs: $3.73

Average Cost of a Visit to the Doctor: $116.11

9. Stamford, Conn.

Located in Fairfield County, Stamford is the largest city in the state and the seventh largest in New England. Connecticut has a rich history dating back to before the Revolutionary War. 

Price of a home: $598,000

Average Rent: $2,109

Cost of a Coke: $1.96

Cost of a Dozen Eggs: $2.10

Average Cost of a Visit to the Doctor: $116.64

8. Queens, N.Y.

Queens is one of the fastest growing counties in the state, and is know as the "borough of immigrants" due to is large population of culturally diverse residents. 

Price of a home: $636,000

Average Rent: $2,390

Cost of a Coke: $1.81

Cost of a Dozen Eggs: $2.41

Average Cost of a Visit to the Doctor: $123.80

7. Orange County, Calif.

California is home to the "who's who" of Hollywood's elite. The state is filled with the beautiful and glamorous, and the exclusivity of certain areas make it a celebrity hot zone, which explains why its cities make the list of most expensive places to live.

Price of a home: $721,000

Average Rent: $1,788

Cost of a Coke: $1.70

Cost of a Dozen Eggs: $2.74

6. Honolulu, Hawaii

Located on the island of O'ahu, Honolulu offers year round warm weather and is home to a friendly group of residents, making it a place that's hard to leave. 

Price of a home: $742,600

Average Rent: $2,733

Cost of a Coke: $2.04

Cost of a Dozen Eggs: $3.39

Average Cost of a Visit to the Doctor: $109.87

5. Washington, D.C.

The nation's capital is home to the famed Smithsonian Museum, the Washington Monument and the White House. The city's history includes such events as being nearly burned to the ground by invading British troops during the War of 1812 and emancipating all slaves in April of 1862, a full nine months before President Lincoln's Emancipation Proclamation. 

Price of a home: $767,000

Average Rent $1,960

Cost of a Coke: $1.81

Cost of a Dozen Eggs: $2.36

Average Cost of a Visit to the Doctor: $84.40


4. San Jose, CA 

'The Capital of Silicon Valley" earned its nickname during the technology boom in the 1990s. San Jose was founded in 1777 and is the largest city in Northern California, and the tenth largest city in the U.S.

Price of a home: $805,000

Average Rent: $1,738

Cost of a Coke: $1.87

Cost of a Dozen Eggs: $2.74

Average Cost of a Visit to the Doctor: $105.54


3. San Francisco, Calif.

Known as "The City That Knows How," San Francisco played a major role during the "Gold Rush," as people traveled to the city from all over the world in an attempt to get their hands on the precious gold nuggets first discovered in the American River. With such a golden history its no wonder this California city is third on the list of most expensive places to live. 

Price of a home: $820,000

Average Rent: $2,925

Cost of a Coke: $1.83

Cost of a Dozen Eggs: $2.86

Average Cost of a Visit to the Doctor: $130.96


2. Brooklyn, N.Y.

Second only to Manhattan on this list of the most expensive U.S. cities, this NYC borough is a popular place of residence for college graduates looking to strike out on their own. 

Price of a home: $990,500

Average Rent: $2,493

Cost of a Coke: $1.92

Cost of a Dozen Eggs: $2.61

Average Cost of a Visit to the Doctor: $108.35


1. Manhattan, NY

Arguably the most famous city in the world, this melting pot is home to a diverse group of residents from an almost uncountable number of backgrounds. The city stood as an open door to the U.S., welcoming immigrants to their new lives in America. It's often called a city of heroes, and claims to be the home of the worlds best bagels and pizza.   

Price of a home: $1.36 million

Average Rent: $3,783

Cost of a Coke: $2.07

Cost of a Dozen Eggs: $2.89

Average Cost of a Visit to the Doctor: $103.25

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