We then checked the cost of living index for each city using both Numbeo and Expatistan, giving 70% weightage to Numbeo's rankings since they were based on mid 2020 data. those with a population of at least 200,000 people or more. To determine our ranking of the most expensive cities in the US, we only considered the big cities i.e. That strategy is now in tatters as the US continues heading towards the unknown, having lost more than 300,000 people in the pandemic already, with over 16 million infections. After all, Trump's legacy and tactic to ensure reelection was based on showing incredibly low unemployment figures during his presidency. Many small businesses have suffered significant losses, while others have permanently gone under, and it will take a long time to truly assess the damage the pandemic has caused, which currently shows no signs of abating. No one in any state can survive of just $600 in a country with such a high cost of living. And even these have been now reduced to $600. The pandemic has meant that the country had to go into lockdown and saw over 40 million people file for unemployment, people who were to receive a paltry monthly $1,200 check from the government and expected to live off it. And this is only going to increase further thanks to the coronavirus pandemic, which has already taken over a million lives with over 32 million cases. There is no doubt that the cost of living is increasing in the US and it is becoming more unaffordable for many citizens every passing day. Nowadays, anyone working on minimum wage has to take at least two jobs to be able to support themselves. Previously having a minimum wage job itself allowed a normal living lifestyle, covering basic necessities. Often, after several payments, due to interest, the total payable amount actually increases rather than decreases. After all, there's a reason why American students owe more than $1.4 trillion just to obtain a decent education and then spend the rest of their lives trying to pay off the loans along with interest. This increase of 1,550 percent is not justified by any inflation rate or rising interest rates. Now, including boarding and expenses it costs $60,000 annually. In 1971, studying at Harvard cost $2,600. It's not just home ownership or renting a property of course. Because of these increases, more and more Americans are unable to afford basic necessities and struggle from paycheck to paycheck. Meanwhile, housing costs have increased 21% in the same time while rent has climbed at least 7.6%. The US cost of living has risen by over 14% in just the past three years. Unlike European countries which have socialized healthcare and support those who are unemployed, which is generally not true in the US. On the other hand, so is the cost of living. In the US, 11.8% were below the poverty line in the country, though the good thing is, that this number has been steadily falling for a few years. On the other hand, the US has a much higher cost of living in the world, which is why it is near the top in the 16 countries with the highest cost of living. Of course, if you're someone visiting from abroad, you can have the time of your life without even having to spend a lot. Cost of living has to be relative to earnings, and earnings themselves are quite low for most people. In fact, 24.3% of the population in Pakistan lives below the national poverty. That doesn't mean that everyone can afford everything.
I come from a country which has the cheapest cost of living in the world.
Click to skip ahead and jump to the 10 most expensive cities to live in the US. In this article we take a look at the 25 most expensive cities to live in the US.
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