Friday, August 23, 2019

Here are the 25 costliest places to live in the U.S.

Beach towns make up most of the list

In some markets, you can get a lot for your money. In others, well, it's the opposite.
Here are the 25 housing markets where buyers have to pay the largest percentage of their income to afford a house, courtesy of U.S. News' Best Places to Live report for 2019. 

Here are the 25 most expensive places to live in the U.S.:
  1. San Juan, Puerto Rico
  2. Miami, Florida
  3. Los Angeles, California
  4. New York, New York
  5. San Diego, California
  6. Santa Barbara, California
  7. Salinas, California
  8. Honolulu, Hawaii
  9. Santa Rosa, California
  10. Daytona Beach, Florida
  11. Port St. Lucie, Florida
  12. Stockton, California
  13. Modesto, California
  14. Fresno, California
  15. San Francisco, California
  16. Orlando, Florida
  17. Sacramento, California
  18. Fort Myers, Florida
  19. New Haven, Connecticut
  20. McAllen, Texas
  21. San Jose, California
  22. Brownsville, Texas
When calculating these lists, median mortgage payments, property taxes and median rents are calculated when deciding how to rank the cities. Then, housing costs and local median annual household income are compared to determine the affordability.