Cost of Living Facts in America
Living in the USA can be expensive or inexpensive depending on what you earn and where you live. If you’re lookingto move to the USA to live a new life, it’s important to know something about the cost of living in America so you can accurately budget your expenses. Here are some facts when it comes to living in America.
US Regions and City Comparison
The USA is split into 4 different regions including West, Midwest, South, and Northeast. To compare the cost of living, all regions must be compared as a bulk to give a rough estimate. The Northeast region features the highest per capita income. This region is followed by West, South, and the Midwest.
Some of the poorer areas in the USA include the rural areas of the South and the West. The west is the most expensive area, especially California. The next most expensive areas including Northeast, the South and the Midwest. The South has the lowest living costs in the USA if Miami, Baltimore, and Washington are excluded.
In terms of the cost of living, the top 5 cities include Washington DC, Los Angeles, San Francisco, New York and San Jose. The lowest ranked cities include Cincinnati, Pittsburgh, Cleveland, Kansas City, and St. Louis.
Moving to a US major city may mean that you will pay more than 50% of the national average for transportation, groceries, housing, etc. Although salaries are in the higher range in big cities, it may not be enough to compensate the increases in the cost of living which in turn results in property price rises.
Average Monthly Costs
The average monthly costs for living in the US may range depending on where you live. Some of the monthly costs include.
- Utilities such as garbage collection, water, heating and electricity range between $75 -$175 per month for a 1000-sq ft apartment.
- Restaurant food or eating out will cost you between USD $40 – $75 per month.
- Internet costs between USD $40 – $45 per month.
- Transportation generally on average costs USD $65 across the country.
- The average cost per week on groceries run between $100-$200.
- Accommodation can average between $500 to$1000 a month or more depending on where you live.
Living in America and becoming a part of the American society is an exciting experience. By working out the cost of living you too can live comfortably when moving to the USA.