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American aggregate household debt is at an all-time high of $17.5 trillion.
However, certain cities may drain thesavingsof an average person more quickly than others.
Alsofind out how speaking with a financial advisor can help every area of your finances.
PayScale determined that the cost of living is 128% higher in New York than the national standard.
Zumper data indicated that the median rent in Hoboken is $4,117, with only 144 rentals available.
GOBankingRates determined that themiddle-class income rangefor New Jersey is $64,751 to $194,252.
The city is fourth on the list of themost expensive cities, just behind New York City.
Boston
Boston is listed in the fifth spot among the most expensive cities.
PayScale revealed that the cost of living is 50% higher than the national average in Boston.
Seattle
Seattle made it to the eighth spot for most expensive cities in the world.
However, the cost of living in general is 50% higher than the national average.
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