You’ve heard of shopping for high-quality items considered quiet luxury, but what about towns with quiet luxury appeal? Several cities are becoming increasingly popular destinations for the wealthy to travel to and buy real estate in, thanks to their exclusivity and somewhat off-the-radar locales.
Be Aware: 15 Housing Markets Where Prices Are Falling Ahead of the Spring Selling Season
Try This: 5 Things You Must Do When Your Savings Reach $50,000
Marketing company Livability recently compiled a list of 11 quiet luxury destinations worth visiting but didn’t expand on the cost of living in one of these idyllic towns. To determine the cost for families, GOBankingRates pulled existing data from Sperling’s BestPlaces and ranked each of the 11 towns from most to least expensive vs. the national average, as this percentage pertains to a family.
Here’s what it costs to reside in 11 popular quiet luxury towns.
Montecito, California
- Cost of living per month for a family: $65,070
- % more expensive than the national average: 1,105%
- Total for the year for a family: $780,840
Find Out: Here’s the Minimum Salary Required To Be Considered Upper Class in California
Learn More: What Salary Single People Need To Live Comfortably in 100 Major US Cities
Aspen, Colorado
- Cost of living per month for a family: $47,820
- % more expensive than the national average: 786%
- Total for the year for a family: $573,840
Discover Next: 25 Places To Buy a Home If You Want It To Gain Value
Martha’s Vineyard (Dukes County, Massachusetts)
- Cost of living per month for a family: $21,360
- % more expensive than the national average: 296%
- Total for the year for a family: $256,320
Kauaʻi County, Hawaii
- Cost of living per month for a family: $13,710
- % more expensive than the national average: 154%
- Total for the year for a family: $164,520
Newport, Rhode Island
- Cost of living per month for a family: $11,670
- % more expensive than the national average: 116%
- Total for the year for a family: $140,040
That’s Interesting: 6 Key Signs a Housing Market Will Soon Have Massive Price Drops
Scottsdale, Arizona
- Cost of living per month for a family: $11,520
- % more expensive than the national average: 113%
- Total for the year for a family: $138,240
Mackinac Island, Michigan
- Cost of living per month for a family: $6,990
- % more expensive than the national average: 29%
- Total for the year for a family: $83,880
Ithaca, New York (Finger Lakes Region)
- Cost of living per month for a family: $5,310
- % less expensive than the national average: 1.7%
- Total for the year for a family: $63,720
Trending Now: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents
Lake Geneva, Wisconsin
- Cost of living per month for a family: $4,950
- % less expensive than the national average: 8.3%
- Total for the year for a family: $59,400
Lexington, Kentucky
- Cost of living per month for a family: $4,170
- % less expensive than the national average: 22.8%
- Total for the year for a family: $50,040
Savannah, Georgia
- Cost of living per month for a family: $4,140
- % less expensive than the national average: 23.3%
- Total for the year for a family: $49,680
More From GOBankingRates
- 4 Things To Watch for as Elon Musk Takes on Social Security
- 7 Wealth-Building Shortcuts Proven To Add $1K to Your Wallet This Month
- Warren Buffett: 10 Things Poor People Waste Money On
- 5 Things You Must Do When Your Savings Reach $50,000
This article originally appeared on GOBankingRates.com: 11 ‘Quiet Luxury’ Towns Surging in Popularity and What It Costs To Live There
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
