Los Angeles ranked 2nd most expensive place to live in US

LOS ANGELES (KABC) -- Los Angeles ranks as the second most expensive city in the United States, according to a new survey.

U.S. News and World Report came out with its list of the most expensive places to live, and three of the top five cities are in Southern California.
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San Diego was named as the most expensive city in the nation, followed by Los Angeles, Honolulu and Miami.

Santa Barbara ranked No. 5.

A total of eight California cities are in the top 10 spots, including San Francisco, Salinas, Santa Rosa, Vallejo and Fairfield.
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The survey is based on the "median gross rent and annual housing costs for mortgage-paying homeowners" of each metro area.