And while there's no question the city's popularity comes at a high cost, it's not nearly as high as some East Coast cities that are often mentioned in the same breath as Boston.ДЄfter all, the high concentrations of students, recent grads and young professionals require some level of affordability to get by while they're starting out. With its unparalleled collection of universities, hospitals, historical sites, and tech and biotech employers, it's easy to see why Boston is such an appealing place to live. The average apartment rents for $2,525 a month in Stamford. More broadly, housing-related expenses (including rents and mortgages) are 80% higher than what the typical American pays to keep a roof over his or her head. The city's average home price is almost 67% greater than the national average. Naturally, all those high-paying jobs make Stamford and its surrounding area exceedingly pricey. Stamford itself hosts prominent S&P 500 companies such as Charter Communications ( CHTR), Synchrony Financial ( SYF) and United Rentals ( URI). The metro area, which includes Norwalk and Bridgeport, is the base for many hedge funds and major corporations. Residents also can earn a good salary closer to home. With its close proximity to New York City, Stamford has long welcomed wealthy commuters who make their living in the Big Apple. average is a more manageable $1,250 a month. Principal and interest payments on mortgages are pricier, too, averaging $1,951 per month. The average apartment rents for $2,537 a month, or more than double what the typical American renter pays. mean вЂ“ don't do residents any favors either.Дenizens of the Rose City pay up in other ways, too. Home prices that average $617,776 вЂ“ more than 56% above the U.S. That's helped make the city's overall housing costs 73% higher than the national average. Indeed, Portland housing prices have zoomed 19.5% over the past 12 months, according to S&P Case-Shiller. Portland's quirky charms have made it one of the nation's fastest growing urban areas with a metro population of more than a million in recent years, and that has put upward pressure on prices.

Oregon's most populous city has long been a magnet for progressive types and folks who love living near the great outdoors. The average apartment in Anchorage rents for $1,282 a month вЂ“ essentially inline with the U.S. Meanwhile, sometimes it makes more financial sense to rent. And with a median home value of $314,600, residents can find affordable dwellings on the market. Median household income of nearly $83,000 is well above the national median. The city looks more affordable on a median basis. The average home price of more than $585,500 is more than 48% greater than what the typical American pays to keep a roof over his or her head. Indeed, overall housing costs, which includes rents, mortgages and related expenses, are 34% higher than the U.S. The remote location of The Last Frontier State is to blame.ДЄnchorage's living expenses run around 23% higher than the national average, according to the Cost of Living Index, led by elevated housing costs and home prices. Average home price: $585,500 (U.S.: $395,284)Д®verything is more expensive in Alaska.For good measure, we've also included data on median household incomes, average rents, related housing costs and other pertinent information. cities with the highest average home prices. How expensive does it get? Take a closer look at the U.S. cities with the highest average home prices have an average home price of $1.1 million, or 2.7 times the national average.)

cities with the highest average home prices вЂ“ and the premiums they command to what the typical American pays for a home.

With C2ER's data in hand, we were able to identify the 15 U.S.

That sticker shock is even more salient in a select set of U.S. That's up from $326,412 just five years ago. As of the end of the second quarter of 2021, average home prices in the U.S. Signs of inflation abound, but housing prices are what really stand out. Their Cost of Living Index measures prices in 258 urban areas for housing, groceries, utilities, transportation, healthcare, and miscellaneous goods and services (such as getting your hair done or going to a movie). To determine what the highest average home prices look like on the ground, we turned to the latest data from the Council for Community and Economic Research (C2ER).

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