The 4 Most Expensive Cities for Nationwide Moving
If you’re moving away from Homestead, you’re used to housing prices just above the US median. The national median home price is $188,900, compared to $200,000 in Homestead. Overall, though, the cost of living in homestead is a little less than the national average.
If you’re moving away, you might be in for some sticker shock, depending on where exactly you’re relocating to. These four cities are the most expensive options for nationwide moving, with higher costs of living and housing prices than most other places in the United States.
1) New York City, NY
Unsurprisingly, New York City is number one on our list. It’s one of the most expensive cities in the world, with a cost of living in Manhattan that’s 120.4% higher than the national average. While Brooklyn, Queens, and the Bronx are a bit more affordable, the overall cost of living is still considerably higher than it is here, in Homestead. These high costs bleed out far beyond the city, extending into north New Jersey and New York’s Nassau County.
The biggest reason for the high cost of living is the ridiculously expensive real estate market. However, things like groceries, utilities, and transportation also cost over 30% more than the average.
2) Honolulu, HI
Living in Hawaii sounds alluring and exotic, but in the state’s capital, the cost of living is high. This is partly because the state is so remote, and necessary goods need to be imported from overseas. Housing costs more than twice as much as elsewhere in the US. Utilities are a full 71.5% more expensive, groceries are 55.2% more expensive, and transportation is 26.9% above average. Even a dozen eggs cost 87% more than average. These higher costs on everyday goods are part of why Honolulu is one of the most expensive options for nationwide moving.
3) San Francisco, CA
San Francisco’s thriving tech industry has created a housing bubble, where many middle class people find themselves priced out of the housing market. The area is notorious for its astronomical real estate prices, which are more than three times the national average. At the same time, however, household incomes in San Francisco are 40% above the national median. If you’re moving to this area, make sure that impressive-looking salary offer matches up with the cost of living.
4) San Jose, CA
Located at the heart of Silicon Valley, San Jose has high costs for similar reasons to San Francisco. This relatively wealthy area is mostly populated by gainfully employed people with salaries well above the national median. Despite home prices second only the San Francisco, San Jose’s home ownership rate is still 58.7%.
Nationwide Movers in Homestead
Moving away from Homestead? At Orange Movers, we provide local residents and businesses with nationwide moving services. To find out more, call us any time, or fill out our online contact form to get in touch with a helpful representative.