7. Boston, Massachusetts
Boston ranks among the most expensive urban centers in both the United States and the world. In the 2024 Mid-Year Cost of Living Index, it took fifth place globally.
Housing is the city’s biggest cost burden. Across the metro area, many communities regularly see home prices above $1 million, driven by years of rapid appreciation.
Newton and Cambridge — both part of Greater Boston — stand as Massachusetts’ priciest cities heading into 2025, reinforcing the region’s dominance in high-cost real estate.
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The city’s powerhouse job market, renowned universities, and coastal location all fuel demand. With mortgage rates rising, the affordability gap is widening even further for many prospective buyers.
