Here’s what it costs to live in the country’s priciest towns


Ever wonder what it would take to rub elbows with the upper crust in Greenwich, Connecticut or Beverly Hills?

Based on home values and the cost of living (including groceries, transportation, health-care costs and utilities), personal finance website GOBankingRates determined the exact annual income needed to live comfortably in the country’s most expensive ZIP codes.

The study assumes that half of that income will be spent on necessities, 20 percent put toward savings and 30 percent left for discretionary spending (otherwise known as the “50-30-20 rule“).

In that case, Sagaponack, a beachfront town in the affluent Hamptons area of Long Island, New York, is the nation’s most expensive ZIP code, requiring an income of more than $850,000.

Here are the rest of the top 10 ZIP codes:

Source link

Products You May Like

Articles You May Like

Record number flee to bonds
How to make sure a balance-transfer card will help you pay down your debt
Borrowers, denied public service loan forgiveness, file lawsuits
Credit Suisse reportedly advises rich clients to consider shifting assets out of the UK
Financials fall into bear market, joining materials and energy stocks

Leave a Reply

Your email address will not be published. Required fields are marked *