- Engelwood Cliffs and Mountainside also included.
- Palm Beach the least desirable city in America when earning $100k.
- Infographic showing the 150 least desirable cities to live in.
Palisade Park NJ, an annual salary of $100,000 sounds like quite a lot of money, particularly when the average US salary is $53,490 per year. However, it is relative depending on your purchasing power. While San Francisco, for example, offers its residents a thriving arts & culture scene, glorious climate, an outdoor lifestyle, and world class restaurants, living in this California city comes with a significant price tag. Typical rents exceed $4,500, the average price of homes is $1.3 million, and to live comfortably, it is said you would need to earn $230k.
So would living in some of America’s most aspirational locations stack up if you were on a six-figure salary? Or would you prefer to live somewhere cheaper where, even if it offered less lifestyle options, you could get more bang for your buck? It’s a question real time coupon and deals discovery site, CouponBirds, sought to answer, by surveying 3,000 respondents (via QuestionPro) and asking them a hypothetical question:
Which of America’s 150 most expensive cities would you least like to live in, if earning a salary of $100,000?
Palm Beach, Florida, emerged as the least desirable city to live in when earning ‘just’ $100k. It appears that you have to have a Trump-style income to live here (his home, Mar Y Lago, is here), but $100k just won’t cut it, thanks to its exclusive location, the high cost of real estate, high cost of goods and services, and high property taxes. It has more than the average share of luxury condos and homes, as well as plenty of upscale restaurants and retail outlets. And because the city has invested well in public services and amenities, to keep it looking pristine, the cost of living is higher here too. Suddenly that new salary doesn’t seem as impressive…
The second least desirable city was wonderful Wailea in Hawaii. Set on the dreamy island of Maui, it’s where tourists and retirees alike flock for sunshine, sunsets, and giant tiki cocktails. Two factors make it particularly pricey – firstly, everything has to be imported, which makes goods and services more expensive, and secondly there is a limited supply of housing available. In addition, the cost of utilities, transportation and other necessities are generally higher in Hawaii than anywhere else in the US.
In 38th position came Palisades Park in New Jersey. It is located in Bergen County, which is one of the wealthiest counties in the United States. The city is situated close to New York City and is popular with commuters, which has driven up the cost of housing. Additionally, the city has a limited supply of affordable housing, which can make it difficult for lower-income residents to find suitable housing. The city is located in a relatively affluent area, and as such, many of the goods and services in the area are relatively expensive. Additionally, the city has a relatively high sales tax rate, which can further add to the cost of goods and services.
Engelwood Cliffs was voted in at 100th position of most undesirable places to live on six-figures. Englewood Cliffs is home to a wealthy and affluent community, with many high-income earners living in the area. The high cost of living is reflective of the high standard of living that many residents expect and enjoy. Finally, the location of Englewood Cliffs is also a factor contributing to its high cost of living. It is also located in close proximity to New York City, a major financial center and job hub. This proximity makes it an attractive location for those who work in New York City but prefer to live in a suburban environment.
And Mountainside came in 111th least desired city. Residents of Mountainside enjoy a high quality of life, with excellent schools, a low crime rate, and access to numerous amenities and recreational opportunities. However, the relatively high cost of living in the area may make it less accessible for some individuals or families.
The 150 Least Desirable Cities To Live in (On a $100k Salary)
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