While it’s no secret that it costs a lot to live in cities like Manhattan, San Francisco and Los Angeles, believe it or not, according to a new report, they aren’t the most expensive places to live in the United States.
A new report by the Bureau of Economic Analysis looked at personal income and cost of living in 2016 to determine the most and least expensive places to live in the U.S. based on regional price parity, an index that sets the national average of costs and goods at 100 and then looks at how areas compare with that average.
10 Most Expensive Areas In the U.S.
San Jose-Sunnyvale-Santa Clara, CA
Santa Cruz-Watsonville, CA
San Francisco-Oakland,-Hayward, CA
New York-Newark-Jersey City-NY/NJ
Santa Rosa, CA
Los Angeles-Long Beach-Anaheim, CA
On the flipside, the least expensive place in the U.S. is Beckley, West Virginia with a RPP of 78.8, which means things there cost about four-fifths as much as the national average.
10 Least Expensive Areas in the U.S.
Jefferson City, MO