New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new analysis of inflation rates across major metropolitan areas.
The analysis, first shared with Fox 5 New York, was conducted by Plasma, a layer-1 blockchain company focused on stablecoin payments. It examined inflation trends across 30 of the most populous U.S. cities.
The study used a weighted model that factored in consumer price index data, housing costs, average salaries and recurring monthly expenses including groceries, utilities, transportation, childcare and leisure.
Fox 5 reported the following are the top 10 U.S. cities where the cost of living is rising fastest.
WASHINGTON POST BLASTS RENT CONTROL AS ‘FAILED POLICY’ THAT LEAVES RENTERS ‘WORSE OFF’ THAN BEFORE
LOOKING FOR A CHEAP CHEESEBURGER? 10 AMERICAN CITIES THAT DELIVER THE BEST MEAL DEALS
TRUMP CHEERS STEADY INFLATION NUMBERS AS AFFORDABILITY FIGHT SHAPES 2026 MIDTERM BATTLE
BLUE-CITY RIDERS HIT WITH PRICIEST UBER FARES AS LA, NYC COSTS SOAR PAST COMPARABLE METROS, DATA SHOWS
In New York City, average monthly earnings of about $5,250 were often outweighed by housing and everyday costs, with rent for a one-bedroom apartment in the city center approaching $4,600 a month, the outlet reported.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Basic monthly expenses also added roughly $1,650 more, further stretching household budgets.
Plasma said in its analysis that even with inflation running at 3.4% across the metro area, many New Yorkers, including higher earners, were struggling to keep pace with rising costs.
Read the full article here
