August 24, 2023

In Manhattan, housing costs are 4.8 times what people pay in other U.S. cities.

New York’s Manhattan borough is the most expensive place to live in the U.S. by a wide margin — the cost of living there is more than double the national average.

Living costs in Manhattan are 122% higher than average, according to data from The Council for Community and Economic Research’s Cost of Living Index, which measures regional price differences for everyday goods and services in 271 urban areas.

Manhattan isn’t just expensive, it’s considerably more costly than other highly ranked places in the index.

The New York borough’s cost of living is 24% more than Honolulu’s, the second-most expensive urban area in the U.S. And it’s 31% higher than San Francisco’s, the third-most expensive city, according to C2ER’s data.

The cost of living is expressed as a composite index score, based on six weighted categories: housing, utilities, groceries, transportation, health care and miscellaneous goods or services. A composite score of 100 is the national average, and any score higher than 100 is above average.

Source: The 15 U.S. cities with the highest cost of living—San Francisco isn’t No. 1

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