15 Major U.S. Cities Where the Middle Class Can’t Keep Up

There are some areas in the country where it’s not cost-effective to live. The high cost of living hinders middle-class Americans from moving there and makes it difficult for current residents. Find out which cities are the most expensive to live by studying our in-depth analysis of the global housing crisis. This list explores cities where soaring housing costs are reshaping the fabric of local communities. 

1. San Francisco, CA

San Francisco panorama at sunrise with waterfront and downtown
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Silicon Valley’s booming tech industry has brought a wealth of opportunities, but housing prices have skyrocketed. For many people in this area, it is realistic to have to pay more than $1 million for a modest home. With average salaries struggling to keep pace, middle-class families are priced out or forced to spend a huge chunk of their income on rent, leaving less for other necessities.

2. Denver, CO

Denver, Colorado, USA downtown cityscape
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Denver was once known for its relative affordability. However, a surge in population and popularity has pushed housing costs way up. Denver’s new normal might be seen as comfortable apartments that cost close to $2,000 per month. With wages not rising as fast, middle-class families are feeling the squeeze.

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3. Los Angeles, CA

Downtown Los Angeles
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Los Angeles, the City of Angels, might seem like a dream. However, sunshine and celebrity encounters come at a cost. The median home price here is well over $935,000. Rent takes up most of your paycheck, leaving you little time to enjoy the city’s attractions. 

4. Washington, DC

The United States Capitol Building in Washington, DC. American landm
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The nation’s capital offers a vibrant cultural scene and career opportunities. But housing costs are no joke. Consider residences that rent for easily over $2,000 per month. With many government jobs not offering sky-high salaries, middle-class families are struggling to keep up.

5. Urban Honolulu, HI

Honolulu, Hawaii
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Living in paradise isn’t cheap. Honolulu offers stunning beaches and a laid-back lifestyle, but that comes with a hefty price tag. The average cost price here is astronomical, making homeownership a distant dream for many. For middle-class families, the allure of island life can be overshadowed by the harsh reality of affording it.

6. New York City, NY

TIMES SQUARE, NEW YORK, USA - OCTOBER 8, 2018: urban scene
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The Big Apple is a city that never sleeps, but the cost of living might leave you exhausted. New York City is notorious for its expensive housing market. Despite the higher salaries, middle-income individuals sometimes have little wiggle room because of the high cost of housing. 

7. Bridgeport-Stamford, CT

View from the roof of the countryside around Bridgeport
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Living near New York City might seem attractive, offering access to the big city without the crazy price tag. But towns like Bridgeport and Stamford are no longer budget-friendly options. Housing costs have risen sharply, with the median home price pushing well above $550,000.

8. Seattle, WA

Panoramic view of Seattle cityscape at night, Washington, USA
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Seattle, the city of coffee and tech giants, has seen its housing market surge in recent years. Finding a decent home under $850,000 is a challenge. It’s not much easier to rent; monthly rent for an apartment is frequently more than $2,250.

9. Toronto, Canada

Toronto, Canada
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Toronto, Canada’s largest city, boasts a multicultural scene and a strong job market. But a major concern in this area is home affordability. The average home price is well over $1 million, pushing homeownership out of reach for many middle-class families. 

10. Vancouver, Canada

Vancouver - Canada
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Vancouver, another Canadian city, is known for its stunning natural beauty. However, its attractiveness comes at a high cost. The cost of housing here is sky-high, making buying a house nearly impossible for middle-class families. It’s not much easier to rent, as flats frequently cost more than $2,900 per month. 

11. Sydney, Australia

msn - Sydney australia
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Sydney, Australia’s iconic harbor city, offers a fantastic lifestyle. However, affordability is a major challenge. Due to the exorbitant median property price in this area, many people find owning a home to be an unattainable goal. Renting isn’t much better, with apartments easily exceeding $2400 a month.

12. London, England

London, England
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London, a global center for finance and culture, offers countless opportunities. But its housing market is notoriously expensive. Tiny apartments can set you back over £2,000 a month. Even while wages may be greater here, middle-class families typically have little left over after rent, leaving them with nothing to save. 

13. Paris, France

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The City of Lights offers romance and charm, but its affordability is dimming. Finding a decent apartment in Paris can be a challenge, with rents often exceeding €2,500 a month. While salaries might be higher here, the cost of living can be a burden for middle-class families. 

14. Hong Kong, China

Hong kong city at night
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Hong Kong, a bustling metropolis in Asia, is known for its fast-paced lifestyle. But housing affordability here is a major issue. Tiny apartments can cost an arm and a leg, with prices exceeding 173 thousand Hong Kong dollars per square meter on average. High rents also squeeze middle-class families, making it difficult to save or raise a family comfortably.

15. Singapore

Singapore Skyline at the Bay
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Singapore, a modern city-state in Southeast Asia, offers a high quality of life. But affordability concerns are rising. The average home price here is very high, making homeownership challenging for many. Renting isn’t much easier, with apartments often exceeding S$2,800 a month for one one-bedroom apartment

10 Frugal Lessons I Learned From Being Flat Out Broke

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I was living in the middle of a big city all by myself and paying my bills on a server’s salary. I had zero savings and was living paycheck to paycheck just to get by; frugal living was a necessity.

Read More: 10 Frugal Lessons I Learned From Being Flat Out Broke

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