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A brand new examine from a cupboard firm reveals that America’s largest cities, principally leaning Democratic in previous elections, ranked as probably the most overpriced after an evaluation of their housing prices and different metrics.
Highland Cabinetry, an organization that produces cupboards and permits purchasers to customise their very own, carried out a examine to assist individuals decide whether or not America’s costliest cities are literally value it.
The examine analyzed a variety of metrics utilizing knowledge from sources just like the U.S. Bureau of Labor and Zillow. Highland Cabinetry in contrast cities throughout key metrics, together with actual property costs, residing prices, revenue, security, site visitors, air pollution, and unemployment. Taking into consideration the information from the U.S. Bureau of Labor and Zillow, the analysis calculated the rating primarily based on general prices and the most typical issues encountered by the residents.
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Highland Cabinetry, an organization that produces cupboards and permits purchasers to customise their very own, reportedly carried out a examine to assist individuals decide whether or not America’s costliest cities are literally value it. (Gary Hershorn/Getty Photos / Getty Photos)
“With rents reaching document highs in early 2025 and main U.S. cities going through rising costs, Highland Cabinetry carried out a examine to highlight cities the place the prices aren’t matched by snug residing,” the report acknowledged.
Newark, New Jersey was ranked as probably the most “overpriced metropolis” within the U.S., incomes a rating of 100, in accordance with Highland Cabinetry.
“Dwelling right here prices over $5,100 a month, but residents must cope with an unsafe surroundings, with a security index of 24.7, one of many lowest within the rating. The revenue in Newark can also be considerably decrease than in different cities on the checklist, staying under $55,000,” the examine reported.
Behind Newark is New York Metropolis at quantity two, scoring a 98.17 due to residents fighting site visitors, noise, and a security index below 50. New York’s median revenue is decrease than in L.A. or D.C. The report claimed that New York’s price of residing just isn’t justified. The report added that town affords decrease wages at $75.5K yearly.
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Newark, New Jersey ranks primary as probably the most overpriced metropolis, the examine by Highland Cabinetry reveals. (Yuki Iwamura/Bloomberg by way of Getty Photos / Getty Photos)
The president of Highland Cabinetry, James McAllister, advised FOX Enterprise that they carried out the examine to point out that they’re greater than a cupboard firm.
“We ran this report with our core mission assertion in thoughts: to be greater than only a cupboard firm, however a real associate dedicated to the expansion and success of our purchasers,” McAllister stated.
He continued, “We satisfaction ourselves on servicing a various vary of purchasers, from native normal contractors to nationwide builders, and we constantly attempt to be identified for offering important choices and key insights that they should thrive. Their success is our success, and understanding markets are key to efficiently penetrating them.”
Different cities among the many prime ten for being overpriced, ranked so as primarily based on the examine, are Los Angeles (3), Detroit (4), Wilmington (5), Washington (6), Chicago (7), Houston (8), San Francisco (9), Miami (10).
San Francisco’s hire, the very best being at $4,193, is considered overpriced contemplating comparable points with NYC, resembling residents going through site visitors jams and low security.
San Francisco’s hire, the very best being at $4,193, is considered overpriced contemplating comparable points with NYC, resembling residents going through site visitors jams and low security. (Picture by Justin Sullivan/Getty Photos / Getty Photos)
A spokesperson for Highland Cabinetry stated that the “price of residing alone doesn’t outline the worth of a metropolis.”
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“What our knowledge reveals is that a number of high-cost city areas include severe trade-offs, whether or not it’s lengthy commutes, questions of safety, or environmental stress. For a lot of residents, the value tag isn’t the one consideration, it’s what that cash will get you. And in lots of circumstances, the return on funding simply isn’t there.”
