10 Most Overpriced Cities in America
May 23, 2009 by Miranda Marquit
Filed under Finance
If you have lived in more than one place, you know that your dollar goes further in some locations than in others. Right now, my dollar is going much further in my small Utah town than it went when I lived in Syracuse, New York.
Over at Bizzia Personal Finance, I have a list (from Forbes) of the 10 best cities to live if you want to stretch your dollar. Right now, I offer the Forbes list of the 10 most overpriced cities in America:
- Los Angeles, California (why doesn’t this surprise me?)
- Chicago, Illinois
- Miami, Florida
- New York City, New York
- Providence, Rhode Island
- Riverside, California
- Long Island, New York
- Cleveland, Ohio
- Newark, New Jersy (tie)
- San Diego, California (tie)
Do any of you live in these cities? Do you feel they are overpriced?
image source: Lucas Janin via Flickr
We live in Chicago. As to whether it’s overpriced, that depends on your living style. Our cost of living here is actually lower than it was when we lived in St. Louis.
In STL, we had to have 2 cars. Here, the “L” gets us everywhere. That said, there’s no doubt that many things (housing especially) are significantly more expensive here.
Hehe, LA is toooo expensite.
I live in Vancouver, BC, Canada and it’s getting insanely expensive.
Real Estate is going through the roof but jobs don’t pay as much as in other major cities.
People seem attracted to the weather and the lifestyle
Wow, it must be truly expensive living in those cities. I am from Egypt and I can say that, am happy I lived here since the cost of living is not quite as high as these cities. I’m blessed with all my family and friends around, plus a nifty income I got from my online business endeavors. :)
I think that you make a good point, Oblivious Investor! In a lot of ways it’s about how you live. You can still be frugal even in expensive cities. But it can be harder. Thanks for weighing in, TStrump (and for destroying my dream of living in Vancouver), converter and Franck.