Which American cities have the highest cost of living?

Which American cities have the highest cost of living?

Jordan Goodman (Personal Finance Author) gives expert video advice on: Why is life so expensive?; Why are things so expensive?; How much is the cost of living expected to go up in the coming years? and more...

In general the large cities have the highest cost of living. That would be New York, San Francisco, Honolulu is very expensive, Chicago. You have higher real estate taxes. There's just much more density and therefore more wealth and therefore people can afford real estate. The taxes tend to be higher, the cost of services tend to be higher. I mean if you're in New York and you have to park, its $25 an hour. In some small cities it might be $5 or less. So in general, the bigger cities are going to be where the higher cost of living is.