For the past few years, the cost of living in the U.S. has been on the rise, with some areas bearing more of the brunt than others. Though some average expenses, such as those related to emergencies, simply cannot be clearly captured, there is plenty of data available to determine exactly how much it costs to live in America’s biggest cities.
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GOBankingRates analyzed the 50 largest metropolitan statistical areas by population, as sourced from the U.S. Census American Community Survey. For each, the cost of living indexes were sourced from Sperlings BestPlaces and using the national average expenditure costs for all residents, as sourced from the Bureau of Labor Statistics 2022 Consumer Expenditure Survey. The cities were sorted by population and ranked, then were sorted by expenditure’s annual total cost of living, as of June 4, 2024. Here’s a look at the cost of living around the U.S.
Cleveland-Elyria, Ohio
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Population total: 2,079,759
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Annual cost of groceries: $5,589
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Annual cost of healthcare: $4,891
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Annual cost of housing: $9,226
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Annual cost of utilities: $4,294
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Annual cost of transportation: $6,175
Annual cost of living (total expenditures): $61,584
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