It's Really Expensive to Live in Radnor
By KELLY BAYLISS
Updated 9:42 AM EST, Wed, Jul 29, 2009
As if we didn't already know just how expensive the Main Line is, now, it's been confirmed -- Radnor Township has been named the sixth most expensive suburb in the country by BusinessWeek.
Just 18 miles north of Philadephia, the median home price in Radnor is $523,500.
Not surprisingly, a California suburb took the number one spot, but it wasn't Beverly Hills or Malibu. Atherton, about 10 miles northwest of Stanford, is a community of mansions between the San Fran Bay and the Pacific Ocean. Home to Charles Schwab and Google head Eric Schmidt, the median home price is $3.8 million.
Highland Park, Texas (median home price $937,500), Scarsdale, New York ($1.23 million), Pinecrest, Florida ($767,650) and Winnetka, Illinois with a median home price of $1.06 million round out the top five.
Results were based on where expenses like mortgage and utility payments, property tax, health care, home prices, clothing, food and beverage were highest.
First Published: Jun 9, 2009 7:23 AM EST
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