Real estate across the country is vastly different and no two markets are the same. The price tag of the same house in two different cities could be hundreds of thousands of dollars different. Here are the top 5 most expensive and least expensive cities to live in 2020.
Most Expensive:
1. Manhattan, New York
Cost of Living: 145.7% above U.S. average
Population: 1,628,700
Median Household Income: $85,000
Median Home Value: $1,013,400
Unemployment Rate: 16.0%
2. Honolulu, Hawaii
Cost of Living: 97.6% above U.S. average
Population: 347,400
Median Household Income: $71,250
Median Home Value: $705,400
Unemployment Rate: 12.5%
3. San Francisco, California
Cost of Living: 94.7% above the U.S. average
Population: 883,300
Median Household Income: $112,400
Median Home Value: $1,195,700
Unemployment Rate: 12.5%
4. Brooklyn, New York
Cost of Living: 80.5% above the U.S. average
Population: 2,582,800
Median Household Income: $61,200
Median Home Value: $759,400
Unemployment Rate: 20.5%
5. Washington, D.C
Cost of Living: 60.7% above the U.S. average
Population: 702,500
Median Household Income: $85,200
Median Home Value: $617,900
Unemployment Rate: 9.0%
Least Expensive:
1. Harlingen, Texas
Cost of Living: 24.2 below U.S. average
Population: 65,500
Median Household Income: $38,100
Median Home Value: $85,700
Unemployment Rate: 6.3%
2. McAllen, Texas
Cost of Living: 22.6% below U.S. average
Population: 142,700
Median Household Income: $45,050
Median Home Value: $120,500
Unemployment Rate: 6.6%
3. Kalamazoo, Michigan
Cost of Living: 20.4% below U.S. average
Population: 75,800
Median Household Income: $37,450
Median Home Value: $99,300
Unemployment Rate: 3.6%
4. Memphis, Tennessee
Cost of Living: 19.4% below U.S. average
Population: 652,250
Median Household Income: $38,250
Median Home Value: $94,200
Unemployment Rate: 3.8%
5. Knoxville, Tennessee
Cost of Living: 18.3% below U.S. average
Population: 187,350
Median Household Income: $36,350
Median Home Value: $124,500
Unemployment Rate: 3.0%
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