Forbes releases list of most overpriced cities in America

What's the Most Overpriced City in America?
What's the Most Overpriced City in America?

Every city needs its own claim to fame or way to stand out -- take Lincoln, Nebraska for instance. It boasts the country's only federal roller skating museum! Unfortunately, some cities stand out for bad reasons ... like being too expensive to live in.

Forbes has created a list of the top 25 cities and their surroundings based on median income, how much affordable housing there is and the percentage above the national average for things like groceries, utilities and transportation cost. Surprisingly, New York City isn't number one -- or even in the top three. Cambridge, Massachusetts comes in at No. 5, while New York City comes in right at No. 4.

This content is not available due to your privacy preferences.
Update your settings here to see it.

Here are the top 3:

No. 3: Boston
The median income is over $87,000 , groceries are 14.5 percent north of the national average and utilities 23 percent higher.

No. 2: Southern Connecticut
This is the Bridgeport, Stamford, Norwalk trifecta. The average salary is $83,000, meanwhile utilities, and groceries are a combined 50 percent higher than the average and affordable housing is a problem.

No. 1: Honolulu
Though gorgeous, Honolulu is the most overpriced city in America, according to Forbes. Average income is $82,000 a year, affordable housing makes up only 35 percent of the market, utilities are 77 percent higher, and groceries are 55 percent higher than the national average.

Head over to Forbes to see the entire list.

More to see:
Transportation strike in Argentina shuts down country
Police scramble to catch cow on the loose on University of Kentucky campus
Iraq premier: Troops in center of Islamic State-held Tikrit