US Towns That Got Expensive in the Last 10 Years
Bloomberg News reports that there are two towns prominently on either side of the US that have caused its residents to cope with their standard of living. These two US regions have ranked as America’s costliest place to reside in the last dozen years. This fact was provided on Thursday by the Bureau of Economic Analysis.
Emerging cities as the most expensive
At the beginning of the past decade, Washington’s Wenatchee was found among 389 US metros that were rated as per price level. However, by the last year, the region assumed the status of the 36th most costly city in the US. The same was revealed as per the recent data by the bureau on regional price parity.
Following on the close heels of Wenatchee is The Villages in Florida. This region is the second largest climber. The Villages is a huge retirement community where it is quite likely that the costs have been elevated in comparison to the rest of the US. The prices escalated due to the influx of people that seek housing and goods.
Metros in the US That Have Become Costlier
The table below will indicate the number of metro areas that have climbed in ranking in terms of being expensive between 2010 and 2021.
| Metro Area | Number of Places |
| Wenatchee, WA | 158 |
| The Villages, FL | 155 |
| Jackson, MI | 144 |
| Grants Pass, OR | 142 |
| Staunton, VA | 136 |
| Bismarck, ND | 131 |
| Madera, CA | 121 |
| Longview, WA | 119 |
| Fond du Lac, WI | 116 |
| Winchester, VA-WV | 114 |
Source: Bureau of Economic Analysis
Bloomberg News reports that in terms of measurement by state, New York, California, and Hawaii were found to be the most expensive areas to live in the past year. The cheapest recorded were Alabama, Mississippi, and Kentucky.
The most expensive city in the past year was San Francisco. It has continued to hold this spot since 2018. New York City was regarded as the second costliest metro region in the county before the pandemic. It is dropped to fourth place.
Most expensive cities in America
The table below shows the areas with the highest costs compared to the US average.
| Area | Percentage |
| San Francisco-Oakland Berkeley, CA | 19.83 |
| San Diego-Chula Vista-Carlsbad, CA | 15.15 |
| Urban Honolulu, HI | 14.74 |
| New York-Newark-Jersey City, NY-NJ-PA | 14.58 |
| Seattle-Tacoma-Bellevue, WA | 14.57 |
| Los Angeles-Long Beach-Anaheim, CA | 13.82 |
| Napa, CA | 12.07 |
| Kahului, Wailuku-Lahaina, HI | 12.04 |
| Santa Maria-Santa Barbara, CA | 11.81 |
| San Jose-Sunnyvale-Santa Clara, CA | 11.64 |
| Oxnard-Thousand Oaks-Ventura, CA | 11.40 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11.34 |
Source: Bureau of Economic Analysis
It is being observed that the gap in price between San Francisco and the other parts of the US has become narrower. In 2018, the prices were about 22% more than the US average. But the difference at present is 20% down.
News source: Bloomberg
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