Photos | Top 10 most expensive US cities

Photos | Top 10 most expensive US cities

Nearly 30 percent of California homeowners are underwater according to CoreLogic's latest negative equity data, but four of the top 10 most expensive urban areas in the U.S. are in the The Golden State. Orange County encompasses 34 incorporated cities, including Laguna Beach, Anaheim and Mission Viejo. According to Redfin.com, the median sale price of a home in Orange County was $375,000 in February 2012, down 6.2 percent from the previous year. (CBS News)

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by CBS News

WCNC.com

Posted on April 11, 2012 at 11:00 AM

(MoneyWatch) Despite improved unemployment numbers, times are still tough for most Main Street Americans. Gas prices are high, making travel, groceries and nearly everything else more expensive.

Depending on where you live, you may pay even more than most people. Consumers generally pay more for everything in a big city than they do in a small town.

According to ACCRA's latest Cost of Living Index (COLI), these urban areas are the most expensive in the nation based on cost of housing, utilities, grocery items, health care and miscellaneous goods and services.

Negative equity data provided by CoreLogic. Average median home sale values courtesy Trulia.com unless otherwise noted.

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