The Most Expensive Cities in America

Photo by chones from Envato Elements

7. Los Angeles, California

As we all know, Los Angeles is popular for the Hollywood entertainment industry. This plays an important role in the city’s cost of living. Plus, the Port of Los Angeles is one of the busiest ports in the world, helping the economy too.

If you want to move to Los Angeles, note that the median home value here is $723,800. The median household income is around $58,400. For instance, a family consisting of four members would need income of $85,155 to make ends meet. Unfortunately, about 19.1 percent of the city’s residents live below the poverty line, compared with 11.8 percent nationally. So, here you’ll see a wide gap between the rich and the poor.

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