5. Los Angeles, California
Los Angeles is well-known for its high living expenses, thanks in large part to its luxury neighborhoods and global reputation as the entertainment capital of the world.
Areas like Beverly Hills, Malibu, and Santa Monica dominate the region’s high-end real estate market, with home prices that dwarf national averages.
Across the metro, exclusive pockets of the city offer ocean views, celebrity proximity, and high-end amenities — all contributing to a dramatically elevated cost of living.
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Inventory shortages and intense demand from affluent buyers keep real estate values high. Combined with LA’s sunshine, beaches, and cultural appeal, the region remains one of the most expensive places to put down roots.
