Newark has been identified as the most overpriced city in America, with a cost-of-living score of 100. Monthly living costs exceed $5,100 while the median income sits at only $53,818, leading to financial strain for its residents. New York City follows at 98.17, known for the highest real estate prices despite a higher income. Los Angeles is third due to severe traffic and air quality issues. The study emphasizes that cost of living metrics should include safety and quality of life factors rather than price alone.
Newark received a perfect score of 100 for being the most overpriced city in America, where residents spend over $5,100 monthly while earning a median income of $53,818.
New York City follows closely with a score of 98.17, marked by the highest real estate costs of $18,402 per square foot, alongside high traffic and safety issues.
Los Angeles ranks third with a score of 96.33, suffering from extreme traffic jams and poor air quality, contributing to high living costs.
According to Highland Cabinetry's study, safety, traffic, and pollution play key roles in measuring a city's total cost of living and quality of life.
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