Find Out the 5 Most Expensive Cities in the U.S.

After paying for your groceries, rent, taxes, and transportation, it may seem like there’s nothing left from your paycheck. Instead of blaming your salary, consider the cost of living in your city.

According to the Council for Community and Economic Research, which created the 2014 Cost of Living Index based on regional differences of the cost of consumer goods and services, these are the top five most expensive cities to live in in the United States.

5. Hilo, HI

Hilo is the second most expensive place to live in Hawaii, and the fifth most expensive place to live in the U.S. The cost of living in Hilo is approximately 56% above the national average, proving once again that living in paradise will cost you.

Can of coffee: $6.16

Average rent: $928

Price of a home: $488,500

T-bone steak: $12.16

Trip to the beauty parlor: $26

Dozen eggs: $3.73

4. San Francisco, CA

The cost of living in San Francisco is about 65 percent higher than the U.S. average, and the most expensive aspect of living in this coastal city is the housing costs.

Can of coffee: $6.04

Average rent: $2,925

Price of a home: $820,000

T-bone steak: $10.46

Trip to the beauty parlor: $59

Dozen eggs: $2.86

3. New York (Brooklyn), NY

Brooklyn is New York City’s second most expensive borough, with the cost of living approximately 68 percent above the national average.

Can of coffee: $5.13

Average rent: $2,493

Price of a home: $990,500

T-bone steak: $12.32

Trip to the beauty parlor: $58

Dozen eggs: $2.61

2. Honolulu, HI

Living in a tropical paradise doesn’t come cheap. The cost of living in Honolulu is about 70 percent higher than the national average due to the inflated cost of groceries, utilities, and transportation.

Can of coffee: $7.32

Average rent: $2,733

Price of a home: $742,600

T-bone steak: $9.99

Trip to the beauty parlor: $52

Dozen eggs: $3.39

1. New York (Manhattan), NY

Manhattan is the most expensive borough in New York City, as well as the most expensive city in the U.S. Compared to the rest of the country, the cost of living in Manhattan is more than two times the national average.

How does your city compare to the country’s top five most expensive cities? Share with us below.

[Featured image credit: Anthony Quintano via www.flickr.com]

Find Out the 5 Most Expensive Cities in the U.S. is a post from: LifeDaily