United States Expensive to Live

Most Expensive Place to Live in United States – Manhattan, NY

Most expensive place to live in the United States of America is Manhattan, New York. It is the main financial, cultural and business capital in the city of New York. Every year, study and analysis for most expensive place to live in the United States of America is Manhattan and has always been in the top position.

the most expensive place to live in the United States of America is one of five boroughs, which are the part of New York City and scattered over almost 60km area, . Manhattan region is enclosed by Hudson River at west and east river flowing from east side of the New York City. Because of such healthy environs, Manhattan has attracted many inhabitants since 17th century thus evolved as most expensive place to live in the United States of America. The colonization of British societies gave the Manhattan area a big push and today Manhattan is financial center of the United States.

Because of its proximity to European and Middle East countries, Manhattan became the market place for many traders and explorers. Due to good environs, socio economic geographical position, Manhattan transformed in to special economic hub, this becoming prospective and populace area in United States. Today, Manhattan attracts thousands of visitors from all over the world making it most expensive place to live in the United States of America. Most of the visitors are business visitors and tourists. Manhattan houses various corporate offices of world’s leading companies. Therefore, more people come to city to do business and find opportunities. Due to such large migration, cost of leaving has increased very high as compared to other part of the United States. As a result, Manhattan is considered as most expensive place to live in the United States of America.

Recent study by various statistical firms shows that cost of living in Manhattan is twice as that of in average United States city. The study showed that an average income family of four would spend 138% more than in average US town, making it impossible for average income people to live in this most expensive place to live in the United States of America. The housing cost is anywhere between 1000$ to 2500$ per month, leaving no room for new comers or job workers to adjust with the city life style.

What makes Manhattan the most expensive place to live in the United States of America are higher costs of utilities, general groceries, daily needs and food. One of the reasons for Manhattan becoming most expensive place to live in the United States of America is high inflow of money in the city. As most of the community is business class and well to do families, taxes and duties are higher as compared to other cities giving Manhattan distinction of most expensive place to live in the United States of America.