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

Money woes force more couples to put marriage on the back burner
5 quirky tax deductions you may not know about
Facebook has worst day of year on downgrade, investigations and exits
Patriots’ Robert Kraft apologizes to family, friends for sex solicitation
Leonardo DiCaprio is investing in this greener way to save and spend

Leave a Reply

Your email address will not be published.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