CT City Among Nation's 25 Most Expensive Places To Live: U.S. News

NEW HAVEN, CT — U.S. News & World Report recently announced its "Top 25 Most Expensive Places to Live" in the United States for 2023-2024, and The Elm City has made the list.

New Haven was ranked No. 22. The publication used median rent and annual housing costs for mortgage-paying homeowners compared to income to determine which 25 U.S. metro areas required the most wealth to live "comfortably."

The nation's most expensive area is San Diego, with a median home price of $919,507, median monthly rent of $1,842 and average annual salary of $67,200, U.S. News found.

Compare that to the similarly populated Tampa area — which did not make the most-expensive list. There, you can get a home for less than half the price of San Diego (median price $427,241). The median monthly rent is $1,230 and the average annual salary is $53,270, according to U.S. News.

Here's the breakdown of New Haven from U.S. News:

Median Home Price: $353,283
Median Monthly Rent: $1,223
Average Annual Salary: $62,030

The most-expensive list was released as part of U.S. News' Best Places to Live ranking.

Check out the complete list of U.S. News' Most Expensive Places to Live in the U.S. in 2023-2024.