The Bureau of Economic Analysis recently released its annual estimates of the relative cost of living in America's metropolitan and rural areas. Specifically, the BEA published its regional price parities for 2017. These compare the price levels for various goods and services in different areas to the average national price. For example, the New York-Newark-Jersey City metro area had a regional price parity of 122.3. That means that the overall price level in and around New York City for housing, goods, and services was about 22% higher than the overall country. (As a side note, the New York area dropped from fifth to seventh most expensive city.) The map above shows regional price parities for each of America's 383 metropolitan areas and the non-metropolitan areas of states. Regions in blue were less expensive than the national average, and regions in red were more expensive. Coastal cities, particularly those on the West Coast, tended to be more expensive than the rest of the country. Nine of the 15 most expensive metro areas were in California. Here are the 15 metro areas with the highest cost of living, according to the BEA:
The 15 most expensive cities in America
The Bureau of Economic Analysis recently released its annual estimates of the relative cost of living in America's metropolitan and rural areas. Specifically, the BEA published its regional price parities for 2017. These compare the price levels for various goods and services in different areas to the average national price. For example, the New York-Newark-Jersey City metro area had a regional price parity of 122.3. That means that the overall price level in and around New York City for housing, goods, and services was about 22% higher than the overall country. (As a side note, the New York area dropped from fifth to seventh most expensive city.) The map above shows regional price parities for each of America's 383 metropolitan areas and the non-metropolitan areas of states. Regions in blue were less expensive than the national average, and regions in red were more expensive. Coastal cities, particularly those on the West Coast, tended to be more expensive than the rest of the country. Nine of the 15 most expensive metro areas were in California. Here are the 15 metro areas with the highest cost of living, according to the BEA:
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