Required Salaries to Afford Living in America's Top 10 Costliest Cities

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Source: Yahoo Finance
Required Salaries to Afford Living in America's Top 10 Costliest Cities
Photo: Yahoo Finance
TL;DR Summary

The article discusses the 10 most expensive ZIP codes in the U.S., highlighting that these areas, often oceanfront and gated, command multimillion-dollar estates. Newport Coast, California, is the most expensive, with a median listing price of $11.8 million and an estimated required income of over $2.3 million to afford a home there, based on the 30% rule. These markets attract ultra-wealthy buyers, often purchasing with cash, and are driven by scarcity, privacy, and proximity to major economic hubs.

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