Most expensive city to live in
What city is the most expensive to live in? (note this is just for fun)
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I know this isn't the OP original question, but that could be answered with a simple graph. |
In dollars or PPP? In dollars I bet it's Zurich. In PPP it's probably a city in Africa or India.
The most expensive place I've lived is Palo Alto (although I lived on campus, like virtually all undergrads since you'd be insane not to). |
Probably the Bay Area.
Or you mean relative to incomes? Probably somewhere in Africa, Latin America or South Asia. Somewhere like Mumbai. |
I lived in Chicago once, and even though rent was much cheaper than it is in the Bay Area, life overall was not that much more manageable.
I'm not exactly sure what it was, whether it was that wages were lower (minimum wage is a little bit lower in Chicago than in San Francisco, but salaries seem to 30 - 40% lower), it was harder to find a job in the first place (I failed to get a job in Chicago, definitely 50% user error, but also tougher to get interviews), or things were just farther apart and more difficult access (Chicago is really spread out), but in the end, Chicago didn't end up feeling that much "cheaper" from experience. I'll go out on a limb and say that Los Angeles is the most expensive place in the US when you factor in rent, salaries, and traffic. |
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That's why it has the highest poverty rate in the United States. |
Measured by dollars, easily the SF Bay Area. San Francisco is also the most expensive major city. However, Manhattan is more expensive than SF.
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Jacksonville.
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https://finance.yahoo.com/amphtml/ne...090000873.html |
According to this Demographia report measuring housing prices relative to local incomes in urban areas across Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, UK, and the US (random assortment but ok); Hong Kong is far and away the most expensive city. In the US, it's actually Los Angeles.
http://www.demographia.com/dhi.pdf https://i.imgur.com/JFIT7dq.jpg |
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It's not surprising, but important to note, how strong the correlation is between population decline and loose land use regulation. Chicago could probably be back above 3M in no time with tighter regional land use policies. |
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The Bay Area has an insane amount of highly paid jobs. My wife really likes the West Coast, so we both have job alerts set to these areas, and there's an avalanche of jobs in the Bay Area that would suit our skills. In contrast, seems like very slim pickings in LA/SD. And the "nice" parts of LA/SD are about as expensive. My wife really likes coastal Orange County (places like Corona del Mar and Laguna Beach) and those areas have the same home prices as, say, Palo Alto, Atherton, etc. You get practically nothing for $1 million. Even $2 million is kinda sad. Quote:
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A majority of the growth in jobs, wages, and population is in the core. Thus, the downfall brought about by suburbanization is a problem that appears to be correcting itself, albeit not fast enough (IMO) |
Of places I've been to it would be London, UK by a considerable margin.
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Food is more expensive in the Bay. When I am working out of LA I can grab lunch for $8 to $10 bucks but in SF I pay $15 to $20 for a comparable meal. Gas is a little cheaper up north. |
are we really the hardest country to live in or is there lots of rich people? i thought america was poor. we havent built a new city in 200 years (vegas doesnt really count).
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Living in Canada and working in my field I dont really have a choice but to live in Toronto (not that I dont love it). Unless there was some one-in-a-million type of job opportunity that popped up in Montreal, Vancouver, Calgary, etc. I would probably be setting my career back a fair bit by relocating. I feel like Australia would pretty much be Melbourne or Sydney. The UK is London or bust for most professional services. The U.S.'s most desirable cities are definitely expensive, but so are the aformentioned premier cities in most other developed countries. The difference is there are fewer Denvers, Salt Lake Cities, Charlotte's, Columbus's, etc. Where you can still make great money in an affordable city. With some exceptions for master-planned government centers, new cities dont really get built anywhere. Not sure where you would stick a brand new city in the continental U.S. that wouldnt already be developed if it made economic sense. |
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