New York City Leads as the City with the Fastest Growing Cost of Living
Dallas Fort Worth housing and macroeconomic analyst Amy Nixon ponders the answer to the housing affordability crisis on ‘Making Money.’
New York City has emerged as the leading U.S. city experiencing the fastest rise in the cost of living, closely followed by three cities in California. This alarming trend is highlighted in a recent analysis of inflation rates across major metropolitan areas.
The analysis, initially shared with Fox 5 New York, was conducted by Plasma, a layer-1 blockchain company specializing in stablecoin payments. The study examined inflation trends across 30 of the most populous cities in the United States.
Utilizing a weighted model, the study incorporated various factors including consumer price index data, housing costs, average salaries, and recurring monthly expenses such as groceries, utilities, transportation, childcare, and leisure activities.
According to Fox 5, the following are the top 10 U.S. cities where the cost of living is rising the fastest:
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A person jogs along a snow-covered walkway with the Lower Manhattan skyline and One World Trade Center visible across the Hudson River on Jan. 26, 2026, in Hoboken, New Jersey. (Gary Hershorn/Getty Images / Getty Images)
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A man walks through the streets of the Brooklyn borough of New York City on Nov. 6, 2025. (Spencer Platt/Getty Images / Getty Images)
In New York City, the average monthly earnings hover around $5,250. However, these earnings are often eclipsed by soaring housing and everyday costs. Rent for a one-bedroom apartment in the city center can approach a staggering $4,600 per month, as reported by the outlet.
‘The Big Money Show’ panel discusses whether small businesses are being squeezed by inflation, high borrowing costs, and corporate dominance as Wall Street profits soar and bankruptcies on Main Street hit record highs.
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Additionally, basic monthly expenses add roughly $1,650 more, further straining household budgets. Plasma’s analysis indicates that even with inflation running at 3.4% across the metro area, many New Yorkers, including those with higher incomes, are finding it increasingly difficult to keep up with the rising costs.
Dallas Fort Worth housing and macroeconomic analyst Amy Nixon ponders the answer to the housing affordability crisis on ‘Making Money.’
New York City has emerged as the leading U.S. city experiencing the fastest rise in the cost of living, closely followed by three cities in California. This alarming trend is highlighted in a recent analysis of inflation rates across major metropolitan areas.
The analysis, initially shared with Fox 5 New York, was conducted by Plasma, a layer-1 blockchain company specializing in stablecoin payments. The study examined inflation trends across 30 of the most populous cities in the United States.
Utilizing a weighted model, the study incorporated various factors including consumer price index data, housing costs, average salaries, and recurring monthly expenses such as groceries, utilities, transportation, childcare, and leisure activities.
According to Fox 5, the following are the top 10 U.S. cities where the cost of living is rising the fastest:
WASHINGTON POST BLASTS RENT CONTROL AS ‘FAILED POLICY’ THAT LEAVES RENTERS ‘WORSE OFF’ THAN BEFORE
A person jogs along a snow-covered walkway with the Lower Manhattan skyline and One World Trade Center visible across the Hudson River on Jan. 26, 2026, in Hoboken, New Jersey. (Gary Hershorn/Getty Images / Getty Images)
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
A man walks through the streets of the Brooklyn borough of New York City on Nov. 6, 2025. (Spencer Platt/Getty Images / Getty Images)
In New York City, the average monthly earnings hover around $5,250. However, these earnings are often eclipsed by soaring housing and everyday costs. Rent for a one-bedroom apartment in the city center can approach a staggering $4,600 per month, as reported by the outlet.
‘The Big Money Show’ panel discusses whether small businesses are being squeezed by inflation, high borrowing costs, and corporate dominance as Wall Street profits soar and bankruptcies on Main Street hit record highs.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Additionally, basic monthly expenses add roughly $1,650 more, further straining household budgets. Plasma’s analysis indicates that even with inflation running at 3.4% across the metro area, many New Yorkers, including those with higher incomes, are finding it increasingly difficult to keep up with the rising costs.
