This statistic shows the most expensive buildings in North America as of 2020. At a cost of some 3.9 million U.S. dollars, the One World Trade Center was the most expensive building throughout North America. It is located in the Financial District of New York City with a facade composed primarily of glass.
The total costs of Hurricane Katrina amounted to 125 billion U.S. dollars at the time the disaster occurred in 2005. While this is around the same total cost of Hurricane Harvey, when adjusted for inflation the former is more expensive, with the cost being the equivalent of 194 billion U.S. dollars in 2023 (compared to 155 billion U.S. dollars for Hurricane Harvey).
Hurricane Katrina Hurricane Katrina struck Louisiana on August 9, 2005 and displaced hundreds of thousands of people from their homes in Louisiana, Mississippi and Alabama. The death toll reached almost 2,000 people. Katrina was also the most expensive U.S. catastrophe since 1992 in terms of property loss.
Harvey, Maria and Irma Katrina was responsible for the spike in insured losses caused by natural disasters globally in 2005. Harvey, Maria and Irma also made quite the impact in 2017 when they hit central America and then made land on the U.S. Gulf Coast. The frequency and intensity of such natural disasters are increasing.
In 2020, Nantucket, Massachusetts, had the most expensive vacation homes with the median sales price reaching 2.3 million U.S. dollars. Another Massachusetts county, Barnstable, ranked third with the median vacation home selling for 475,000 U.S. dollars.
In the United States, a private room in a nursing home facility came with a cost of 116,800 U.S. dollars per year in 2023. For a semi-private room, the cost was slightly cheaper at 104,025 U.S. dollars annually. However, the costs for private rooms in the US varied greatly from one state to another. In 2023, the annual cost for a private room in Alaska stood at 415,005 U.S. dollars, more than three times the national average. The second-most expensive state for a private room in nursing home facilities was Connecticut, followed by Oregon.
In the last quarter of 2024, three of the ten most expensive cities in the United States for business travel when it comes to food costs were located in California. However, the ranking was topped by Honolulu, which average daily food cost amounted to 118 U.S. dollars at that time.
The annual cost for home health services in the U.S. was 75,504 US dollars in 2023, yet varied greatly from one state to another. In that year, the most expensive U.S. state for home health aide was South Dakota, with annual cost over 96 thousand U.S. dollars.
The number four most expensive drug, as of 2024, was Lenmeldy or atidarsagene autotemcel, a drug for the treatment of metachromatic leukodystrophy (MLD) in children, with a manufacturer price of around 4.25 million U.S. dollars per dose. The most costly drugs worldwide based on wholesale acquisition cost (list price) are mostly orphan drugs for rare diseases. What are orphan drugs?Orphan drugs are pharmaceutical products for the treatment of so-called rare diseases. These are diseases with a very low prevalence within a population. Thus, it is not too appealing for companies to invest into R&D for drugs, which they potentially could sell only to a small number of patients. However, because persons afflicted by rare diseases should have the same right for care and treatment as persons with more common diseases, specific regulations were introduced over time. In 1983, for example, the Orphan Drug Act was signed in the United States. The impact of the Orphan Drug ActThe Orphan Drug Act applies certain incentives for pharmaceutical companies to develop and market orphan drugs. This includes, for example, tax credits on clinical research, accelerated administrative procedures, and a 7-year market exclusivity after approval. These and other benefits significantly changed the level of interest in rare disease treatments. Given the fact that there are around 7,000 rare and ultra-rare diseases, drug manufacturers are increasingly entering this market with large potential. It becomes especially profitable when an already existing drug for common diseases also shows effects on a rare disease, or when an orphan drug emerges to be effective for other, more common diseases. In such cases, the orphan status of the drug helps companies to extend market exclusivity and add higher price tags, causing some critics to claim that the industry is gaming the system.
The graph depictsts the most expensive cities in the U.S. concerning hotel room costs in 2010. In Miami the average price was at 139.58$ in 2010.
According to the study, the Brazilian cities of São Paulo and Rio de Janeiro were found to have the most expensive public transport in Latin America, where the monthly cost for the service per month represented approximately 9.5 percent of a person's monthly average income. The Chilean capital of Santiago ranked third, where public transport spending amounted to over six percent of the average income.
In 2023, the annual cost for a private room in an assisted living facility in the U.S. amounted to 64,200 U.S. dollars. However, costs varied greatly from one state to another. The most expensive states for a private room in assisted living was found in Hawaii, followed by Maine and Vermont.
West Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to 84.8 - well below the national benchmark of 100. Nevada - which had an index value of 100.1 - was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately 427,000 U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than 200,000 U.S. dollars. That makes living costs in these states significantly lower than in states such as Hawaii and California, where housing is much more expensive. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded 500 U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.
The most expensive home put on the market in 2020 in the United States was The One in Bel Air, California, which was listed for 500 million U.S. dollars. This property has 20 bedrooms and takes up an impressive 100,000 square feet, making it twice the size of the White House.
Puerto Madero in Buenos Aires, Argentina, was one of the most expensive neighborhoods for residential property in Latin America in 2023, with an average square meter price of almost 5,500 U.S. dollars per square meter. Ipanema in Rio de Janeiro and Del Valle in Monterrey completed the top three with average price of about 4,000 U.S. dollars per square meter respectively.
The total costs of Hurricane Harvey amounted to 130 billion CPI-adjusted U.S. dollars, which makes it the most expensive natural disaster to occur in the United States in the 2010s. Hurricane Maria and Superstorm Sandy followed behind at 93.6 billion U.S. dollars and 73.5 billion CPI-adjusted U.S. dollars respectively.
In the last quarter of 2024, New York registered the highest hotel prices for business travelers among major U.S. cities. On average, a business visitor in the 'Big Apple' could spent around 479 U.S. dollars on hotel accommodation per day.
As of 2024, Apple was ranked as the most valuable U.S. brand, with a brand value of nearly 516.6 billion U.S. dollars. Tech giants Microsoft and Google followed with 340.44 and 333.44 billion dollars, respectively.
What is brand value?
Brand value, not to be mistaken for brand equity, is a commonly used phrase in the marketing industry. It describes the value of brands based on the assumption that the owner of a well-known brand name can generate more money compared to products with a less well-known name. Strong brands influence customer choice and create loyalty. In 2024, U.S. brands dominated the ranking of the most valuable brands worldwide.
Brand loyalty of Apple
Apple is renowned for its well-designed products and strong brand loyalty. Because of this brand loyalty, when a new product is launched, demand for the company's products results in long queues outside the stores, despite the prices of the products or competition from other brands. This is the key to Apple's success. As a result, Apple’s annual global revenue has experienced remarkable growth over the years, amounting to over 383 billion dollars in 2023.
Google is a California-based, multinational internet company which provides digital products and services such as online search and advertising, cloud computing and software. As of 2020, Google was ranked as the third most valuable brand in the United States, with a brand value of around 303 billion U.S. dollars. Amazon, Apple, Google, Microsoft, and Visa were the top five most valuable brands that year. Except for Visa, these companies also feature at the top of the rankings for most valuable global brands, showing the size of U.S. brands in the global market.
Brand value
Brand value, not to be mistaken with brand equity, is a commonly used phrase in the marketing industry. It describes the value of brands based on the assumption that the owner of a well-known brand name can generate more money compared to products with a less well-known name.
Nation brand value
When it comes to nation brand value, the United States was the leading country by some distance in 2019, valued at more than billion more than brand value of second placed China. Nation brand value refers to the impact of a country’s national image on a country’s economy and the brands based in the country.
This statistic shows the most expensive summer vacation rental destinations in the United States as of June 2014. Martha's Vineyard was the most expensive vacation rental destination with TripIndex cost of 3,661 U.S. dollars.
In 2019, New York was the most expensive city in the United States for ridesharing, with an average of 18.73 U.S. dollars per trip. During the same year, Oklahoma was the least expensive city in the U.S. for a rideshare, with an average of 9.91 U.S. dollars per ride.
In Wyoming, owning a car costs around 13,500 U.S. dollars during the first year of ownership. The cost of ownership was calculated using several factors, such as fuel costs, insurance, registration and title fees, and expenditures for replacement parts and car payments.
This statistic shows the most expensive buildings in North America as of 2020. At a cost of some 3.9 million U.S. dollars, the One World Trade Center was the most expensive building throughout North America. It is located in the Financial District of New York City with a facade composed primarily of glass.