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Is the North Shore Overpriced?

Forbes Magazine listed Essex County as the seventh most overpriced area in the country.

Photo credit: Patch file photo.
Photo credit: Patch file photo.

Forbes Magazine has confirmed what many people already knew – it’s expensive to live on the North Shore.

But is it overpriced? Forbes Magazine ranked Essex County as the seventh most overpriced area in the country – tied with San Francisco.

Forbes looked at housing affordability, median income, cost of living costs for food, utilities, gas, transportation, medical expenses and other daily expenses when comparing areas.

Honolulu and New York City topped the list with Boston coming in third. Cambridge finished in eighth for most overpriced.

Read the full Forbes article with the entire list here.

What do you think of the findings? Do you agree that it’s expensive to live on the North Shore? Is the North Shore overpriced? 

Sean Ward March 04, 2014 at 08:56 AM
It is priced this way because this is what people are willing to pay to live here. You can't call something overpriced when the free market is setting the price. Oil is overpriced. Health insurance is overpriced. A house is worth exactly what someone is willing to pay for it.

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