Midtown New York

New York may feel like a squeeze for all but the city’s top earners, but compared to other major world metropolises, the five boroughs are still a relative bargain. According to the Wall Street Journal, a list created by the Economist Intelligence Unit ranking world cities’ relatively affordability on a cost-of-living basis places New York way down at No. 27 — tied with Los Angeles. The survey, which uses New York as a baseline for comparison, is designed to help expat workers, business travelers and companies weighing relocation decisions for its personnel to determine the costs associated with moving to a new city. [more]

From left: San Francisco, Calif. and Detroit, Mich.

AOL Real Estate looked at the most expensive and least expensive cities to buy a home in in America, by price per square foot — and came up with some surprising answers. While New York City was, perhaps surprisingly, not included in the set of most expensive, neighbor Jersey City is number five in the nation at an average cost of $299.90 per square foot. The reason is that although the average listing price for a home in Jersey City is a mere $300,000, the average home is only 1,000 square feet. [more]