What Are the Top 5 Most Expensive Small Cities in the US?

by Alex Garrity on 2013/06/29

It is a fact that real estate prices are driven up with demand. Where the wealthiest people in the country live, the real estate prices will be the highest in those areas. This also means that in the US, the most expensive cities are those where the movie stars and the rich corporate honchos decide to settle down. Here is a little list of the five most expensive small cities in the United States.

Sagaponack
This small city in Long Island, New York, with a population of hardly 600, is right by the Atlantic Ocean. The panoramic vistas and the beautiful boulevards attract the wealthiest of Americans. The real estate prices have soared in the past twenty years, making this one of the costliest places to live in. Some of the most notable residents of this small city include cartoonist Charles Addams, Goldman Sachs CEO, Lloyd Blankfein, television personality Jimmy Fallon, coach Lewis Frankfort and investor and businessman Ira Rennert.

Jupiter Island
Located in Martin County, Florida, Jupiter Island is home to some of the most famous people in America. Singer Celine Dion has a home there and so does Tiger Woods. The island boasts only a 17 mile strip of land. It is among the three barrier islands of Florida and has the makings of excellent tourist destinations. The real estate prices are sky high here, owing to the limited land available. If you want the exclusivity of having Jupiter Island on your address, you will have to pay the average price of about $3,620,310.

Hunts Point
In the western area of Washington, to the eastern shore of the majestic Lake Washington, you will find the smallest municipality of the state. Hunts Point is one of the most beautiful areas in Washington and its proximity to Seattle makes it a very attractive place to live. It is a small city, with a population of mere 450 and it’s close to one of the biggest economic centers of Washington. What more could one really ask for?

Los Altos Hills
About five miles from Standford, is this small and beautiful city of Los Altos Hills. The city falls in Santa Clara County, California and is home to some of the most successful executives in Silicon Valley. The city is most well known for its 65 miles outdoor trails or pathways, which allow the residents to jog, walk and enjoy the outdoors. As compared to some of the other places on this list, Los Altos Hills is slightly larger. It has about 8,000 residents.

Fairbanks Ranch
In San Diego, there is this beautiful and tightly knit country club community that indulges in all the pleasures of life that money can afford. Fairbanks Ranch in California, is this small community, with a 142 acres of land specifically designated for residences and condominiums. It has a large golf course for the local golf enthusiasts, horse ranches, and lots of open spaces in and around the community. With a population of about 2,250, Fairbanks Ranch is among the most expensive small cities in the country.

How expensive is your city to live in? Does it rank in this list?

Courtesy of CreditCardShoppe.com.
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