Everyone has their dream city to live in - the goal is to be able to move there. But, it is essential to know the real estate situation and cost of living first. This is to gauge if a move is doable. In the United States, cities usually mean career advancements, entertainment centers, and overall growth in different industries. This is one of the reasons people want to live in them, but buying or renting can be costly. We list here four of the most expensive places to buy property. Take a look and check if your dream city is on the list:
San Francisco, California
San Francisco is a hub for jobs revolving around technology. A lot of tech companies house their offices here. These are the top reasons why people want to relocate here. Because of this, real estate prices and cost of living are the highest in the country.
More than the city being a technology hub, it is also rich in culture and attractions. It really is a dream city. The real estate market in San Francisco is neutral as of now. The average selling price is $1,360,000, and the average price per square foot is $1,100.
New York, New York
At least once, a person has dreamed of living in the big apple. New York is that city with many nicknames because it is so famous for movies and shows. The city's fast-paced living and culture-driven people are what attract most to it.
The cost of living in New York is quite high because of the people's love for eating and drinking out. The real estate market in the city is booming. On average, the selling price is $950,000 in Manhattan and $800,000 in Brooklyn.
Bethesda, Maryland
You wouldn't think that Bethesda would be on the list. It is not a city per se, but its proximity to one makes it all the more a dream city to live in. Bethesda is close to Washington, DC. So many people who work there tend to find places to buy here.
Another selling point is that the place has a smaller population than most. The real estate market is great for those looking to sell. The median listing price is $1,200,000, but the average selling price is lower, which is $848,000.
Washington, DC
Washington, DC, is the nation's capital. Those looking for career advancements in the government sector can surely find them here. And that is what most people do in the city as well. A quarter of the jobs available are in the government. But business sectors do great as well. It is career-driven yet has a laid-back city vibe. That is why most people tend to move here rather than to New York City.
The city doesn't have a high cost-of-living rate either. It is quite affordable. The real estate market is great for those looking to sell, with an average listing price of $690,000, but the selling price goes way higher, with an average of $750,000.
Final Thoughts
Researching the most expensive places to buy property can give you an idea about what city life would be like in your new home. By being aware of what you would be getting into, you can make an informed decision about whether a particular city is right for you.
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