Whether you rent or own, housing costs typically make up the biggest portion of your monthly budget, and where you decide to live can have a major impact on how much you have to pay. If you live in a major city, you often end up paying more than you would in a suburb or small town.
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To find the most expensive major cities for housing, ConsumerAffairs analyzed the U.S. cities with more than 500,000 people and ranked each city based on its median monthly housing costs -- including spending on mortgages, rent, real estate taxes, property insurance, utilities and other recurring housing expenses -- and median home values using data from the U.S. Census Bureau.
Here's a look at the most expensive major cities in the country for housing.
10. Portland, Oregon
- Median monthly housing cost: $1,535
- Median home value estimate: $520,200
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9. Denver
- Median monthly housing cost: $1,626
- Median home value estimate: $541,500
8. New York
- Median monthly housing cost: $1,632
- Median home value estimate: $685,700
7. Washington, D.C.
- Median monthly housing cost: $1,817
- Median home value estimate: $669,900
6. Boston
- Median monthly housing cost: $1,883
- Median home value estimate: $659,700
5. Los Angeles
- Median monthly housing cost: $1,845
- Median home value estimate: $812,800
4. Seattle
- Median monthly housing cost: $1,984
- Median home value estimate: $848,100
3. San Diego
- Median monthly housing cost: $2,044
- Median home value estimate: $768,800
2. San Francisco
- Median monthly housing cost: $2,337
- Median home value estimate: $1,306,400
1. San Jose, California
- Median monthly housing cost: $2,463
- Median home value estimate: $1,119,500
All data is sourced from ConsumerAffairs and is accurate as of Oct. 25, 2022.
This article originally appeared on GOBankingRates.com: 10 Most Expensive Cities for Housing in the US
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