The 11 Most Expensive Cities in the U.S.

     Oakland, California

  • cost of living 49.0 per cent higher than the U.S. average
  • The population of the city: 422,575
  • Median Household Income: $80,143
  • Median home value: $730,000
  • Rate of unemployment: 3.4%

Oakland is the anchor of a Bermuda Triangle around San Francisco Bay, where the affordable costs go in the direction of being unattainable. The second can be found in San Francisco, as famous for its massive real estate values as it is renowned for Alcatraz and Fisherman’s Wharf. The third is Silicon Valley, home to tech giants who pay salary packages of six figures as candy during Halloween.

Oakland might seem a bargain compared to its neighbouring cities to the south and west. But think about this: Even though the median household income in Oakland is 23% higher than the national average, the homes with median values exceed three times that of the U.S. as a whole.

Rent and other expenses related to maintaining a roof over your head are also high in Oakland. Housing-related expenses totals are more than three times those of other cities, as per C2ER. Food, utilities and healthcare expenses are all 30% more than the average for the country, and transportation costs are nearly 40% more.

It’s good that California ranks as one of the most tax-friendly states for middle-class families.

Leave a Comment

Seraphinite AcceleratorBannerText_Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.