According to Wallet Genius, America’s most expensive cities include New York City, San Francisco, Boston, Honolulu, Washington, DC, Seattle, Los Angeles, and Arlington, Virginia. Whether you’re thinking about a move to the Big Apple, plan to search through Arlington real estate to find your next home, or move to any one of the pricey places in the country, you’re probably wondering if it’s worth it.
Surprisingly, there are many benefits to living in an expensive city that may tip the scales, helping you to make the best decision for your situation.
More Job Opportunities and Higher Salaries
The high cost of living in a city is usually due to higher average salaries, which means once you land that job, it’s probably going to be a lot more affordable when you’re making $150,000+ a year, as compared to the $70,000 a year you’re earning now. An expensive city usually means a lot more networking and job opportunities, which means you’ll have a better chance of advancing your career or perhaps even starting a new business.
You’ll Save Money on Other Expenses
If you tend to travel a lot, you’ll probably pay cheaper airfare living in an expensive city as most are either home to an international airport or have one nearby, which drops the cost significantly as compared to flying out of a more remote region or smaller town. You might be able to ditch your car altogether and take advantage of public transport or even walk to work, saving a significant amount of money in car payments, gas, maintenance, repairs, and so on. Public transportation is usually a benefit of living in a city, especially an expensive one that can better afford to invest in high-quality options.
You’ll Be Within Easy Reach of Entertainment, Dining, Shopping, and More
More expensive cities usually have world-class dining and shopping opportunities, along with a wide range of entertainment, nightlife, and cultural attractions. You won’t have to worry about driving an hour or more for a night out on the town, and if you like sports, there’s a good chance the home team plays close by, whether you’re a football, baseball, basketball, or hockey fan. Music enthusiasts can enjoy more big-name acts closer to home, too, as artists tend to put bigger, more expensive cities on their touring stops. You’ll probably have a number of smaller music venues nearby for enjoying the local music scene and perhaps discovering some new favorites too.
A Vibrant Social Life
If you enjoy meeting new people, making friends, or are looking to meet the love of your life, living in an expensive city usually means there will be a much larger pool of options. While you’ll meet new people anywhere you move, an expensive city like San Francisco or Arlington tends to attract new faces from across the globe, bringing opportunities to meet people from a wide range of backgrounds with different life experiences that can give you a new perspective and enhance your own life in many ways.