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10 Most expensive cities in US

The US Council for Community and Economic Research has measured the prices of common purchases in 307 urban areas to find the cost of the professional standard of living in each location. The index, its fifth edition, crunched more than 50,000 prices -everything from grocery items to transportation to housing.
The national average on the index is 100.
Following is a look at each of the 10 most expensive cities in the United States, as published by CBS Money Watch.
1. Manhattan, New YorkAfton Almaraz/Getty ImagesManhattan, New York, once again ranks as the most expensive place to live in the U.S. The city in 2012 had cost of living index of 225.4 — more than double the national average.
New York has remained America’s most expensive city since 2007, when the Cost of Living Index released the first edition of its annual report.

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