Glan Silver – VIN News
Citing the simple principle of “supply and demand,” a new report by the Council for Community and Economic Research has, once again, named Manhattan and Brooklyn as the #1 and #2 most expensive places to live in the United States.
The NY Daily News is reporting that the study matched up the costs of over 50,000 “goods” and “services” in 307 U.S. cities to arrive at its findings.
A project manager for the council said the basic principle of “supply and demand” is what drives costs up, and that he skyrocketing prices of homes and apartments in the New York boroughs “impact” cost structures “across the board.”
It is the sixth straight year Manhattan and Brooklyn have finished #1 and #2.
Queens finished sixth, behind Honolulu, San Francisco, and San Jose.