Honolulu listed as most overpriced city
Honolulu is the most overpriced city in the U.S. according to a new list by Forbes magazine. That comes to no surpirse to those of us who live and work in the Aloha State. The magazine marks our median income at 82,600 dollars with only 35% of residents able to buy a home. Our expenditures for groceries are 55% above the national average, utilities nearly 78% and transportation 26% above the norm. .
Right behind us, the southern connecticut region of Bridgeport-stamford.
Boston is #3, New York city #4, and Cambridge Massachusetts #5.
The magazine looked at housing affordability in cities with populations of 600,000 or more.