Expensive city in US: California has 8 cities in top ten. Details here
San Diego has been identified as the costliest city in the United States, with Los Angeles, Honolulu, and Miami following closely behind. Santa Barbara secured the fifth position, according to a recent survey. The list of the most expensive places to reside, as per findings in US News and World Report, features three of the top five cities located in Southern California, according to a report.
In total, eight cities in California found their way into the top 10, with San Francisco, Salinas, Santa Rosa, Vallejo, and Fairfield all included. The survey's rankings are determined by assessing the «median gross rent and annual housing costs for mortgage-paying homeowners» in each metropolitan area, the Deadline report stated.
Meanwhile, a key indicator of US inflation stayed steady in September, the government reported Friday, as policymakers push on in their battle against persistent price increases.
The personal consumption expenditures (PCE) price index, which is the Federal Reserve's preferred inflation gauge, rose 3.4 percent from a year ago — the same rate as in the preceding two months — said the Commerce Department.
The data comes days before Federal Reserve policymakers gather for a two-day meeting to mull whether to raise interest rates again to combat stubborn inflation.
While consumer inflation has cooled, the latest figures remain well above officials' two percent target and could prompt further action.
Fed policymakers are due to announce their rate decision next Wednesday, with analysts generally expecting them to hold off further increases for now as the effects of earlier rate hikes ripple through the economy.
FAQs
Q1. Which is the costliest city in the US?
A1. San Diego is the costliest city in the
