We’ve mentioned before that New York has the nation’s highest rent, followed by San Francisco. But if you drill down into the data, it’s more complicated than that.
If you break New York down by boroughs, Manhattan is just as pricey as you thought, but every other borough is way, way cheaper, like a third of the cost of less.
Well, most people don't live in the inner city of any city. So what about San Francisco? Different story - all the San Francisco suburbs are only slightly cheaper. Living in San Mateo or San Joaquin or Marin County costs more than living in Brooklyn or the Bronx. And Hawaii? Sure, we're expensive, and not just in Honolulu.
But, as always I remind you, the real issue here isn't price so much as the gap between price and wages.
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