America’s most overpriced cities in 2015
Forbes - 03/04/2015
Non-housing expenses also go for high prices in Bean Town. Groceries cost about 14.5% more than the national average, health care about 21.5% more, according to Sperling’s BestPlaces. “Health care costs here are very high because a large part of it is offered by very high-end teaching hospitals: Mass General, Beth Israel Deaconess, the Brigham & Women’s Hospital, Dana-Farber, and Children’s,” explains Barry Bluestone, Director of the Dukakis Center for Urban and Regional Policy at Northeastern University.
Add to that the 23.4% premium for utilities on the national average, in part because no new oil pipelines have been built in the area for four decades.“We’re at the end of the energy pipeline,” says Bluestone. “We do have reasonable natural gas but our electric rates have gone up by 27% from our major supplier.” In terms of non-housing costs overall, Boston stacks up 4th-worst in the nation, and for the second year in a row takes the No. 3 slot on Forbes’ list of Most Overpriced cities.