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

TL;DR
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.
Topics:businessreal-estate#expensive-cities#housing-affordability#luxury-homes#real-estate#waterfront-property#wealthy-buyers
Want the full story? Read the original reporting
Read on Yahoo Finance