Nation's capital the most expensive place to live in the US

Washington, D.C., has a higher cost of living than any U.S. state, according to data released by the Commerce Department.

The new data, which measured the relative cost of goods, rents and “other services” relative to a national mean based on 2012 data, found Hawaii, New York, New Jersey and California, were the states with the highest costs of living.

Home prices in the nation’s capital were hardly dented by housing crash, Zillow Chief Economist Stan Humphries told the Wall Street Journal.

“Areas that did well had four things in common: universities, medical and military industries and government,” Humphries said.

As for rents, Hawaii topped the chart, followed by D.C., California, Alaska and New Jersey.

Source: Wall Street Journal