If you think Jersey City is expensive, our next door neighbor is worse.

According to the financial website GOBankingRates.com, Hoboken has earned a place on a list of the top ten most unaffordable cities in the U.S. It is the only non-California city on the list.

In what might be cause for a little Jersey City schadenfreude, the annual cost of living north of the light rail tracks is $107,518.50 or $8,959.88 per month. The average rent for a one bedroom apartment is $2,988.

But denizens of Mile Square City should take heart. “Its excellent livability score of 85 might be worth the cross-country trip — no other city on the list scores higher” says the website.

The methodology? “To find the most financially challenging cities to live in America, GOBankingRates used rental data from ApartmentList, cost-of-living data from Sperling’s Best and average expenditure data from the Bureau of Labor Statistics.”

Aaron is a writer, musician and lawyer. Aaron attended Berklee College of Music and the State University of New York at Purchase. Aaron served as a Peace Corps volunteer in Ecuador. He received a J.D....