The Salary You Need To Buy A Home And Live Well In Some Of America’s Best Neighborhoods

By Trulia | May 22, 2017 2:11PM

A good neighborhood can be hard to define, because “good” means different things to different people. Some might prefer peace and quiet, while others are looking for easy access to outdoor activities. However, as Trulia’s Live Well neighborhoods study shows, there’s a neighborhood for every taste. We ranked neighborhoods for universally loved features like quiet streets, great places to play, and proximity to care and essential amenities, and found the best of the best no matter what you’re looking for.

To make it easier to see yourself in one of these top-ranked neighborhoods, we did the math for you. First, we found a property for sale near the median sale price for each area, then we used Trulia’s mortgage calculator to determine the median mortgage costs. We used these figures to calculate the estimated salary needed to live in each neighborhood. You might be surprised that some of the best-ranked locals are surprisingly affordable, while the living wage for others is simply jaw-dropping.

What do you have to earn to live in these 7 desirable neighborhoods

What neighborhood amenities would you pay more for? Share your thoughts in the comments below!

Methodology: To find out where the best Live Well neighborhoods are in America, Trulia analyzed the neighborhood amenities data on its site and created a ranking based on four metrics in three categories: quiet streets on Trulia (low-volume street segments), great places to play (open-street map trails and Yelp play-centric amenities), and care and essentials (health-care-related Yelp amenities). Our quiet streets data are generated from a proprietary algorithm that estimates traffic volumes on a given road segment based on how “central” that segment is relative to other roads in that neighborhood, and is classified into five levels of estimated traffic volume. We classify a quiet street as one that falls within the bottom quintile. Second, we use data from the “Active” and “Health Care” Yelp categories to find the location of play-centric and health-centric amenities, which include places and services such as playgrounds, golf courses, hospitals, and pediatricians. Last, we combine these to create a weighted average of each neighborhood’s ranking in each category. The weighting scheme is as follows: quiet streets (33%), great places to play (16.5% trails and 16.5% play-centric), and care and essentials (33%). The index ranges from 0 to 100, with 100 being the best scoring and 0 being the worst. This is a selection of top neighborhoods from the list; median sales price, average listing price, and mortgage data were compiled May 9, 2017.

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