Top 5 Most Expensive Cities To Live In California

3. Newport Beach  

IM Score: 18

Newport Beach, one of the wealthiest U.S. cities, has a high cost of living driven by soaring housing expenses. As of July 2023, the median home value was $4.9 million, up 23% YoY. The city’s prime location, beautiful beaches, and demand from affluent residents and tourists fuel these costs. While other living expenses are above the national average, housing costs still overshadow them.