Zero Value

Every year, I see these articles about the most expensive places to live in. I do not know why I feel the need to read more about this topic. Do I want to know if I live in one of the most expensive places? Do I want to know which places are expensive so I wouldn’t even consider buying a house there? I don’t really know but these articles sure make for an interesting read.

This week, I read an article at Yahoo, detailing some of the most expensive cities in the country today. Unsurprisingly, New York City is at the top of the list. How much do you pay for rent in The Big Apple? A whopping $4,500 a month for a 2-bedroom luxury apartment. Oh, and that does not come with any furniture, mind you.

Next on the list is another “unsurprise” – Los Angeles. Though rent and other costs are to blame for the label, one other reason for the high cost of living in this city is the commute that many residents have to go through. Add to this the ever increasing price of gas and you will understand why it is number 2.

So how did they determine which cities got into the list? The Yahoo article states:

To determine the U.S. cities where the cost of living is highest, the London office of Mercer, an American human resources consulting company, measured the prices of the same basket of goods in 253 of the world’s cities. The basket is composed of over 200 products, representative of executive spending patterns and including everything from rent for a luxury apartment to the cost of a fast-food hamburger.

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