Washington state, the country’s capital, is often touted as a hot spot for families, with its dense population, high-tech economy and relatively high cost of living.
But a recent report from the Center for American Progress (CAP), a progressive think tank, found that the nation’s top-10 cities for homes and apartments are not actually among the nation the most affordable or even among the least expensive.
The top 10 are not even close to being the hot spots.
Seattle is number one, with an average price tag of $1,869 per square foot.
That’s $1.3, or 5 percent higher than the national average.
The next highest average price is Los Angeles, with $1.,906 per square feet.
Meanwhile, in New York City, the city that boasts a reputation for having the highest price of any city in the country, the average price of an apartment is $1 million.
New York is ranked No. 1 for the cost of rent and the cheapest housing, with New York’s average apartment price of $6,093 per square.
The report found that most of the country is not hot spots for families.
The nation’s priciest city is Miami, with a median price of nearly $1-million per square, and the least pricey is San Francisco, with the lowest price of a $1m apartment at $1;57 per squarefoot.
The most expensive city in America is Los Vegas, with rents at $2,717 per square-foot.
That means the median rent in Las Vegas is $5,078 per square inch.
The least expensive city is Washington, D.C., at $4,824 per square inches, and Seattle, with median rent at $3,874 per square (with a $3-million price tag).
Here are the 10 most expensive cities in the nation, based on the average cost of a new apartment.
The 10 least expensive cities: San Francisco: $2.7 million Washington, DC: $1 Million Las Vegas: $3.5 Million New York: $4.8 Million Los Angeles: $5.0 Million Chicago: $6.4 Million Miami: $7.4 million San Diego: $8.3 Million Miami Beach: $9.5 million San Francisco Bay Area: $10.2 million Washington D. C.: $10 million Philadelphia: $11.0 million San Jose: $12.0 $12 million Philadelphia/Pittsburgh: $13.1 million Houston: $14.1 Million Los Angelos: $15.5 $15 million Houston/Jacksonville: $17.5m Miami Beach/Tampa: $19.3 million Orlando: $20.4m San Diego/Tacoma: $22.6m San Francisco/Santa Barbara: $25.0m Seattle: $27.6 million Denver: $28.3m Chicago: 11.5.3.
Atlanta: 15.2.3 New York/Los Angeles: 16.5