All real estate is local, and in some housing markets, zip codes within a stone’s throw of each other can have wildly varying costs of living. Researchers at GOBankingRates, using data from Zillow, recently identified the zip codes where costs of living (including both necessary and discretionary expenses) are the priciest in the nation:
- Atherton, Calif. (94027)
Cost of Necessities: $334,039
Cost of Discretionaries: $200,423
Savings: $133,616
Total Income Needed: $668,078
- Water Mill, N.Y. (11976)
Cost of Necessities: $219,255
Cost of Discretionaries: $131,553
Savings: $87,702
Total Income Needed: $438,510
- Alpine, N.J. (07620)
Cost of Necessities: $165,378
Cost of Discretionaries: $99,227
Savings: $66,151
Total Income Needed: $330,756
- Medina, Wash. (98039)
Cost of Necessities: $148,953
Cost of Discretionaries: $89,372
Savings: $59,581
Total Income Needed: $297,906
- Greenwich, Conn. (06830)
Cost of Necessities: $111,001
Cost of Discretionaries: $66,601
Savings: $44,400
Total Income Needed: $222,002
How affordable are homes in your zip code? Enter yours here.
Source: GOBankingRates
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