New York City tops list of cities with fastest rising cost of living | Fox Business

Dallas Fort Worth housing and macroeconomic analyst Amy Nixon ponders the answer to the housing affordability crisis on 'Making Money.' New York Citytops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new analysis of inflation rates across major metropolitan areas. The analysis, first sharedwith Fox 5 New York, was conducted by Plasma, a layer-1 blockchain company focused on stablecoin payments. It examined inflation trends across 30 of the most populous U.S. cities. The study used a weighted model that factored in consumer price index data, housing costs, average salaries and recurring monthly expenses including groceries, utilities, transportation, childcare and leisure. Fox 5 reported the following are the top 10 U.S. cities where the cost of living is rising fastest. WASHINGTON POST BLASTS RENT CONTROL AS 'FAILED POLICY' THAT LEAVES RENTERS 'WORSE OFF' THAN BEFORE A person jogs along a snow-covered walkway with the Lower Manhattan skyline and One World Trade Center visible across the Hudson River on Jan. 26, 2026, in Hoboken, New Jersey.(Gary Hershorn/Getty Images / Getty Images) LOOKING FOR A CHEAP CHEESEBURGER? 10 AMERICAN CITIES THAT DELIVER THE BEST MEAL DEALS TRUMP CHEERS STEADY INFLATION NUMBERS AS AFFORDABILITY FIGHT SHAPES 2026 MIDTERM BATTLE A man walks through the streets of the Brooklyn borough of New York City on Nov. 6, 2025.(Spencer Platt/Getty Images / Getty Images) BLUE-CITY RIDERS HIT WITH PRICIEST UBER FARES AS LA, NYC COSTS SOAR PAST COMPARABLE METROS, DATA SHOWS In New York City, average monthly earnings of about $5,250 were often outweighed by housing and everyday costs, with rent for a one-bedroom apartment in the city center approaching $4,600 a month, the outlet reported. ‘The Big Money Show’ panel discusses whether small businesses are being squeezed by inflation, high borrowing costs and corporate dominance as Wall Street profits soar and bankruptcies on Main Street hit record highs. CLICK HERE TO DOWNLOAD THE FOX NEWS APP Basic monthly expensesalso added roughly $1,650 more, further stretching household budgets. Plasma said in its analysis that even with inflation running at 3.4% across the metro area, many New Yorkers, including higher earners, were struggling to keep pace with rising costs.