The cost of living in America’s priciest neighborhoods has been highlighted in a new analysis which reveals 94027 as the most expensive
The cost of living in America’s priciest neighborhoods has been highlighted in a new analysis which reveals 94027 as the most expensive.
That zip code belongs to Atherton, California. Living in the town of less than 10,000 residents in San Mateo County would require an income of $668.078 according to GoBankingRates.
The personal finance site analyzed Zillow data to calculate to survey median home values and mortgage payments and also included costs including groceries, transportation, utilities and healthcare in 48 states and DC.
South Dakota and Maine were not included in the analysis due to a lack of available data.
The income needed to afford to live in each zip code is based on the 50-30-20 budget rule: 50% of income for necessities, 30% for discretionary and 20% savings.
The top 5 most expensive zip codes are:
1. Atherton, California: 94027 Total Income Needed: $668,078
2. Water Mill, New York: 11976 Total Income Needed: $438,510
3. Alpine, New Jersey: 7620 Total Income Needed: $330,756
4. Medina, Washington: 98039 Total Income Needed: $297,905
5. Greenwich, Connecticut: 6830 Total Income Needed: $222,002
The lowest cost of living among the states analyzed was the 25314 zip code of Charleston, West Virginia.
