The most expensive places to live in America, 2017
There
are some places in America where you can expect to pay a premium on everything —
from food to your fuel bill. Out-of-control living expenses in some of these places may make it
difficult for you and your family to enjoy the best possible quality of life.
Each
year, as part of CNBC’s exclusive America’s
Top States for Business study, we consider Cost of Living as one of our key
categories of competitiveness. That is because companies seeking to recruit the
best possible workforce know that low costs can be a great way to attract
talent. We rank all 50 states based on an index of basic items
including average home and food prices, monthly energy bills and health costs.
That gives us not only the cheapest states to live in but also the most expensive ones.
Here
are the 10 states that will cost you the most, along with prices for some basic
items in each state’s most expensive area.
(Price
data is based on the 2017 Annual Average Cost of Living Index by the Council for Community and
Economic Research, C2ER.)
The
highest cost of living state is Hawaii. Average home price is $1,044,062
California
average home price is $1,182,092. Rent can run $4000 per month.
Massachusetts
average home price is $604,205.
New
York average home price is $1,739,037
Alaska
average home price is $509,408.
Oregon
average home price is $507,368. Average 2 bedroom apartment rent is $2500 per
month
Maryland
average home price is $746,332.
Connecticut
average home price is $681,279.
Rhode
Island average home price is $435,485. Average rent is $1,700 per month.
New
Jersey average home price is $555,231.
Norb Leahy, Dunwoody
GA Tea Party Leader
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