It's no secret that it costs a lot to own a home in the nation's biggest city. But amid all the noise over the cost of living in Northern California, it might come as a surprise to some that NoCal just is not in a league with New York. CNBC reports:
Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows.
Per square foot, real estate in Manhattan is the most expensive in the United States, with the average property in the borough eclipsing all other locals. Based on that metric, some city properties even top $10,000, according to a report published Thursday by real estate and data analytics firm NeighborhoodX.
Scott Eells | Bloomberg | Getty ImagesA doorman walks under an awning of a residential building on Park Avenue in New York.That beats San Francisco — widely viewed as one of the frothiest housing markets in the country — by a mile, the data revealed. In fact, real estate in New York City's central borough is more than twice as expensive as any other city in the US when measured on a per square foot basis, the report shows.
Manhattan real estate is an average of $1,773 per square foot, according to NeighborhoodX.
