4. San Jose, California
San Jose ranks consistently among the most expensive housing markets in the country. The median home price reaches roughly $1.43 million, making it the highest-priced major housing market in the United States.
Renters aren’t spared either — median monthly rent sits around $3,331, placing financial pressure on households across all income levels.
To live comfortably in San Jose, residents need the highest salary in the nation. Recent cost-of-living studies show the city surpassing even New York City in overall living expenses.
Housing remains the primary cost driver, but groceries, services, and essential goods also trend far above national averages.
Silicon Valley’s booming tech sector fuels relentless demand. High-earning workers compete for limited housing inventory, pushing prices up year after year.
