
Click here to see the most expensive suburb in each state.
Editor's Note: Businessweek.com's list of the Most Expensive Suburbs 2010 was calculated by weighing several factors: cost of living, nonretail expenditures (mortgage and utility payments), median home price, and median property tax.
The result was reached by taking a weighted average of nonretail expenditures (50 percent), cost of living (30 percent), median home price (10 percent), and median property tax (10 percent). In some states, property tax and median home sale information was not available, in which case we gave nonretail expenditures a 60 percent weight and cost of living a 40 percent weight (home prices may be provided from other sources as a reference, but did not factor into the ranking). If either the median property tax or median home price was unavailable, we gave the other measure a 20 percent weight.
The nonretail expenditures index factors in expenses such as mortgage payments and utility payments and compares it to the state average. The cost-of-living index factors in spending on such expenses as education, entertainment, food and beverage, health care, insurance, and clothing and compares it to the state average. All indexes are 2010 estimates based on an end-of-2009 Bureau of Labor Statistics survey.
As Montana and Wyoming have wealthy subdivisions but few suburbs, Businessweek.com called local realtors in the states' major cities to identify the most expensive neighborhoods in their area. Getty Images
Pursuits