” After paying your rent or mortgage, transportation, utilities, and any other bills, how much do you have left at the end of the month? The answer probably depends largely on where you live.
FindTheBest created a cost of living index based on 2013 family budget estimates for housing, taxes, healthcare, childcare, transportation, and “other necessities” (like food) from the Economic Policy Institute to compare, in over 600 counties and metro areas across the US, where your dollar goes the farthest.
The average overall index for US cities and metro areas is 100, so a city with an index of 120 is 20% more expensive than average, and a city with an index of 80 is 20% cheaper than average.”
Welcome to the wonderful northeast , land of high taxes , stifling regulation and home to ten of the fifteen most expensive places to live in America , including four out of the top five , and the “winner” of the title of most expensive place to live in the US is … drum roll please …
” 1. Nassau-Suffolk Counties, New York
Nassau-Suffolk index: 155
State index: 120
Nassau and Suffolk Counties, on Long Island, aren’t the highest in the country in terms of housing, taxes, or healthcare, but they’re up there in each category, and that’s enough to make the area the most expensive place to live in America. Also a major New York City commuting hub, it’s known for high property taxes and pricey real estate, especially in Nassau County. Suffolk is home to the Hamptons, a popular summer spot for the wealthy and the famous.”
See about your area at Business Insider . Something to consider as you peruse the map above; which states/areas are producing jobs ? With the exception of the DC area which is awash in record tax receipts , the most expensive areas are also the ones struggling to produce enough growth to meet the local population’s demands .