Monday, December 5, 2011

10 U.S. Cities with the Most Expensive Cost of Living

In the midst of the recession, New Yorkers are cutting back on everything from dining to luxury shopping. Café des Artistes, one of the Big Apple's most storied restaurants, closed in August, in part because of poor business. Chanterelle followed this month. In July, J.C. Penney opened its first Manhattan location, citing local demand for discount merchandise.

We ranked the 10 most expensive cities to live with data from the Census Bureau (metropolitan statistical areas only) and the ACCRA Cost of Living Index, which is assembled by the Council for Community and Economic Research. The index measures relative pricing of essentials such as consumer goods, housing, transportation, utilities and health care, to come up with a composite score for each metro area. The national average is 100. So a city that scores above 100 has a higher-than-average cost of living. Population and median household income data are from the Census Bureau’s American Community Survey. Read more....

1 comment:

  1. Much to my regret, many of the Borders bookshops were closed this year, too. Concerning the list of the most expensive cities, I've already seen Mercer's evaluations of US and Canadian cities and the results differ largely. Could you tell me what caused the difference?


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