The Real Deal New York

Wanna live in the nation’s priciest zip codes? Here’s what you need to earn

Talk about #goals
July 28, 2018 01:04PM

(Credit: Max Pixel, Anthony Quintano)

To buy into one of the nation’s 10 most expensive zip codes, you’ll need to be raking in at least $288,000 per year.

For those who are goal-oriented, personal finance website GOBankingRates tallied up the exact annual salaries you’d need to earn to buy–and then live comfortably–in the priciest zip codes from coast to coast, as cited by CNBC.

To note: GOBankingRates’ calculations spending habits follow the 50-30-20 rule, which purports that 50 percent of income should cover basic living expenses, 30 percent is a free-for-all and 20 percent is for savings.

Here’s a look at the salary you’d need to call the top 10 most expensive areas home:

Sagaponack, New York
Annual salary needed: $853,738

Sagaponack, New York. (Credit: Jane Tierney)

Beverly Hills, California
Annual salary needed: $692,388

Beverly Hills. (Credit: Pixabay)

Alpine, New Jersey
Annual salary needed: $499,244

Alpine, New Jersey. (Credit: Ken Lund)

Fisher Island, Florida
Annual salary needed: $452,630

Fisher Island, Florida. (Credit: Mohmed Althani)

Aspen, Colorado
Annual salary needed: $380,590

Aspen, Colorado. (Credit: Katie Haugland Bowen)

Sea Island, Georgia
Annual salary needed: $354,366

Sea Island, Georgia. (Credit: WIDTTF)

Greenwich, Connecticut
Annual salary needed: $343,126

Greenwich, Connecticut. (Credit: Doug Kerr)

Nantucket, Massachusetts
Annual salary needed: $331,558

Nantucket, Massachusetts. (Credit: Bobak Ha’Eri)

Sullivans Island, South Carolina
Annual salary needed: $296,354

Sullivans Island, South Carolina. (Credit: Brian Stansberry)

Honolulu, Hawaii
Annual salary needed: $288,004

Honolulu, Hawaii. (Credit: Anthony Quintano)


[CNBC]