The 10 Priciest Places to Live in the Country

July 25, 2016 | Comments Off on The 10 Priciest Places to Live in the Country

About one in five housing markets are currently deemed unaffordable, according to new data released by RealtyTrac. In those locales, buying a median-priced home is less affordable than the historically normal level for that county. In a handful of counties, prices are so high that residents’ must use most of their paychecks to afford household expenses.

To come up with their ranking, RealtyTrac took a look at sales data from 417 U.S. counties and used wage information from the Bureau of Labor Statistics.

The 10 most expensive places to live in America:

  1. Brooklyn, N.Y.: 121.70% (the percentage of average wages needed to buy the median home in the area)
  2. Marin County, Calif.: 118.10%
  3. Santa Cruz, Calif.: 113.50%
  4. San Francisco, Calif.: 94.60%
  5. Maui, Hawaii: 92.80%
  6. San Luis Obispo, Calif.: 90.40%
  7. Napa, Calif.: 86.90%
  8. Monterey, Calif.: 84.50%
  9. Queens, N.Y.: 83.60%
  10. Sonoma, Calif.: 82.10%

Source: “The Most Unaffordable Place to Live in America Is …” MarketWatch (June 23, 2016)


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