The 50 least expensive cities in America are all
in the south. The 50 most expensives cities are overwhelmingly in the north,
plus California and a couple of places like Miami (which is still just 56% as
expensive as New York). A "moderately affluent lifestyle" takes an
income of $69,496 in Paris, Texas. It takes an income of $166,777 in New York.
Does that seem excessive? If you spend a third of your pre-tax income on housing,
that would be $55,600 per year. Call it $1,000 a month in maintenance payments
and $3,600 a month in mortgage repayments. That means your mortgage is about
$750,000. Which doesn’t buy much in New York City these days.